Regulatory Alerts2020-01-01
155-2-4-.08 Examination Deferred Presentment Services Act
The Alabama Bureau of Loans, led by Supervisor Scott Corscadden, mandates that deferred presentment service licensees make all records promptly available for examination by authorized representatives. The regulation stipulates that failure to comply with the examination process or findings of violations may result in civil penalties and license revocation. To resolve matters efficiently, the Supervisor retains the authority to offer stipulations, agreed settlements, or consent orders provided they safeguard the public interest.
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