Nonetheless, the situation has yet , is formally solved for the OCC and you can federal financial institutions. Regarding an inquiry about the exact same Georgia legislation one this new OTS recently said was preempted, the new Georgia Reasonable Credit Work, the brand new OCC keeps denied to make an immediate governing and you will wanted remark to possess a time period of 30 days in accordance with this matter. See , OCC News release “OCC Products Assistance in order to Federal Banking institutions to safeguard Up against Abusive Credit Practices; Encourages Statements toward Demand to decide you to Georgia Rules are Preempted,” NR-2003-08 and you can OCC See away from Obtain Preemption Determination Order, Docket Zero. 03-04. Devam