The Georgia Department of Banking and Finance recently issued its 2019 Annual Report. It summarizes the Department's administrative and supervisory activities over non-depository financial institutions, among others, over the course of the year ending December 31, 2019. Of note, the Department's statistics show that active mortgage licensees and registrations increased by roughly 5% from the previous year, which the Department attributes to a heightened demand for mortgage loan originator (MLO) licenses. Overall, the Department reports that growth in the non-depository portfolio remained strong in 2019.
The 2019 Annual Report is available for download here.
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