Form 19-5 "Credit Extensions Exceeding Unsecured Legal Lending Limit" - Georgia (United States)

What Is Form 19-5?

This is a legal form that was released by the Georgia Department of Banking and Finance - a government authority operating within Georgia (United States). As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on June 1, 2017;
  • The latest edition provided by the Georgia Department of Banking and Finance;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a printable version of Form 19-5 by clicking the link below or browse more documents and templates provided by the Georgia Department of Banking and Finance.

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Download Form 19-5 "Credit Extensions Exceeding Unsecured Legal Lending Limit" - Georgia (United States)

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Form 19-5
Ver 06/2017
CREDIT EXTENSIONS EXCEEDING UNSECURED LEGAL LENDING LIMIT
The following credit extension exceeds 15 percent of the bank’s current statutory capital base.
Credit extensions in excess of 15 percent are required to meet all requirements of O.C.G.A. § 7-1-
285 and all applicable rules and regulations including, but not limited to, prior approval of the Board
of Directors or a committee authorized to act for the Board and the entire amount of the credit
extension is secured by good collateral or other ample security and does not exceed 25 percent of the
statutory capital base.
Name(s) of Borrower(s) and Guarantor(s)________________________________________________
Loan Amount _______________________________________________________________________
Loan Maturity ______________________________________________________________________
General Type of Collateral ____________________________________________________________
Credit Exposure as a Percentage of Statutory Capital Base _________________________________
Loan Exposure as a Percentage of Collateral Valuation ____________________________________
Date of Approval by Board of Directors or Authorized Committee ______________________________
Form 19-5
Ver 06/2017
CREDIT EXTENSIONS EXCEEDING UNSECURED LEGAL LENDING LIMIT
The following credit extension exceeds 15 percent of the bank’s current statutory capital base.
Credit extensions in excess of 15 percent are required to meet all requirements of O.C.G.A. § 7-1-
285 and all applicable rules and regulations including, but not limited to, prior approval of the Board
of Directors or a committee authorized to act for the Board and the entire amount of the credit
extension is secured by good collateral or other ample security and does not exceed 25 percent of the
statutory capital base.
Name(s) of Borrower(s) and Guarantor(s)________________________________________________
Loan Amount _______________________________________________________________________
Loan Maturity ______________________________________________________________________
General Type of Collateral ____________________________________________________________
Credit Exposure as a Percentage of Statutory Capital Base _________________________________
Loan Exposure as a Percentage of Collateral Valuation ____________________________________
Date of Approval by Board of Directors or Authorized Committee ______________________________