1997-10-01

Alabama Consumer Credit Act Requirements for Licensed Locations

The Alabama regulatory authority mandates that each licensed location under the Consumer Credit Act maintain a file containing a copy of the Act and all current regulations. This requirement ensures that licensees have immediate access to the governing statutory and regulatory texts. The rule was established under the authority of the Code of Alabama 1975 and became effective on October 1, 1997.

United States

Alabama State Banking Department

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155-2-2-.05 Office Copy of Act and Regulations Alabama Consumer Credit Act

1. Each licensed location shall maintain a file containing a copy of the Act and a copy of all current regulations issued thereunder.

Author: Scott Corscadden, General Counsel Statutory Authority: Code of Alabama 1975, §5-19-21, §5-19-22 History: Effective October 1, 1997