Regulatory Alerts1997-10-01
Request for Written Interpretation of Alabama Consumer Credit and Small Loan Acts
The Alabama State Banking Department, acting through the Superintendent or designee, is authorized to issue written interpretations of the Alabama Consumer Credit Act and the Alabama Small Loan Act along with their respective regulations. Entities seeking such guidance must submit their requests in writing directly to the Bureau of Loans in Montgomery, Alabama. This administrative procedure was established under statutory authority and became effective on October 1, 1997.
155-2-1-.04 Request for Written Interpretation
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The Superintendent or his designee may issue written interpretations of the Alabama Consumer Credit Act and/or the regulations issued thereunder and the Alabama Small Loan Act and/or the regulations issued thereunder. A request for a written interpretation must be made in writing and submitted to the State Banking Department - Bureau of Loans, Montgomery, Alabama 36130.
Author: Scott Corscadden, General Counsel Statutory Authority: Code of Alabama 1975, §5-19-21, §5-18-12 History: Effective October 1, 1997