RegAlert

Rule · ALBD · 1 Oct 1997

Alabama Consumer Credit Act Annual Report Requirements

disclosure

The Alabama Banking Department requires each licensee under the Alabama Consumer Credit Act to submit an annual activity report to the Superintendent of Banks by May 1. The report must utilize forms provided by the Banking Department and be sent to the State Banking Department in Montgomery. Failure to file the report on time incurs a $500 fine, while submitting an inaccurate report may result in an additional $500 penalty.

AlabamaAlabama State Banking Department

155-2-2-.16 Annual Report - Alabama Consumer Credit Act

  1. In addition to the records required elsewhere in the Alabama Consumer Credit
    Act and Regulations, each licensee shall, on or before the first day of May of each year, submit to the Superintendent of Banks a report covering its activities under the Alabama Consumer Credit Act. Such report shall be on forms furnished by the Banking Department and shall be submitted to the State Banking Department, Montgomery, Alabama 36130.

  2. Failure to file an annual report by the first day of May of each year shall result
    in a $500 fine.

  3. Failure to file an accurate annual report by the first day of May of each year
    may result in an additional $500 fine.

Author: Scott Corscadden, General Counsel Statutory Authority: Code of Alabama 1975, §5-19-21, §5-19-24 History: Effective October 1, 1997

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Law of 1975Not in RegAlertLaw of 1975 — Not in RegAlertAlabama Consumer Credit ActAnnual Report Requirements1997-10-01 · this documentAlabama Consumer Credit Act Annual Report Requirements (1997-10-01)
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Issued under
  • Law of 1975Not in RegAlert

    “Statutory Authority: Code of Alabama 1975, §5-19-21, §5-19-24”

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