A bill sponsored by State Rep. Marvin Lim in the Georgia House is designed to enhance transparency for borrowers about whether their installment loans will be reported to credit agencies, the Georgia State House reports.
Filed as HB1314 on Thursday, Feb. 12 during the 2026 regular session of the 158th General Assembly, the measure is formally described as: ‘Banking and finance; require licensees to disclose whether a transaction is reportable to a credit reporting agency.’
Here is our overview, using the actual bill text and interpretive summaries for clarity.
The bill would require Georgia installment loan licensees to inform borrowers if their loan will be reported to a credit reporting agency. It addresses loans under Article 2 of Chapter 3 of Title 7 of the Official Code of Georgia Annotated and appears to target improved transparency regarding consumer credit histories. The legislation will apply to all installment loans made on or after July 1, 2026.
Reps. Jasmine Clark (Democrat-108th), Dale Washburn (Republican-144th), and Carter Barrett (Republican-24th) are also listed as co-sponsors.
Lim has put forward 13 other bills since the session began.
He earned a BA from Emory University in 2005 and received a JD from Yale University in 2013.
Lim, a Democrat, was elected to Georgia’s 98th House District in 2023, succeeding former state representative David Clark.
According to Georgia’s legislative process, a bill starts with drafting, often at the request of a constituent, then is filed with the Clerk of the House or Secretary of the Senate. The bill undergoes a first reading, is sent to committee for further work, and, if approved, continues to a floor debate and vote. Both chambers must pass the bill for it to proceed, with a conference committee resolving any differences. The governor then has six days (during the session)—or 40 days post-adjournment (Sine Die)—to sign, veto, or allow the bill to become law without a signature. The Georgia General Assembly meets for a 40-day session each year, starting the second Monday in January.
| Bill Number | Date Introduced | Short Description |
|---|---|---|
| HB1161 | 02/02/2026 | Motor vehicles; proper operation upon approach by an authorized emergency vehicle or by a law enforcement vehicle for purposes of a traffic stop; provide |
| HB1053 | 01/27/2026 | Law enforcement officers and agencies; local law enforcement involvement with immigration and cooperation with federal authorities; repeal provisions |
| HB1010 | 01/16/2026 | Commerce and trade; annual reports of the value of securities sold or offered to be sold; provide |
| HB673 | 02/27/2025 | Criminal procedure; limitations on bars to first offender treatment for certain minor offenders adjudicated as adults; provide |
| HB642 | 02/26/2025 | Georgia Dye Free School Meals Act; enact |
| HB641 | 02/26/2025 | Public utilities; require electric supplier to hold the proposed discontinuation of electrical service to a residential customer who suffers from a serious illness in abeyance for a certain period of time |
| HB607 | 02/24/2025 | Public Health, Department of; two-year pilot program for home visiting in homes of children with asthma; provisions |
| HB606 | 02/24/2025 | FAIR Plan Stabilization Act; enact |
| HB605 | 02/24/2025 | Public Health, Department of; continue operation of Georgia Tobacco Quit Line, subject to appropriations of funds; require |
| HB437 | 02/12/2025 | State Board of Education; establish rules and regulations for local school system outreach efforts regarding ESOL program; require |
| HB190 | 01/29/2025 | Property; prohibit condominium and property owners’ associations from retaliating against property owners for taking certain actions |
| HB189 | 01/29/2025 | Notaries public; limitations regarding certain notarial acts; provide |
| HB188 | 01/29/2025 | Criminal procedure; extend certain protections for victims of family violence and stalking with respect to residential leases |
The details in this article were sourced from the Georgia State House. For the original data, visit here.
