Regulatory Alerts2013-10-01
Additional Reports and Records Under the Deferred Presentment Services Act
The Alabama Bureau of Loans, led by Supervisor Scott Corscadden, issued this regulation under the Deferred Presentment Services Act to establish additional reporting obligations. The rule mandates that each licensee must maintain and submit specific reports and records to the Bureau as directed by the Supervisor. These requirements apply in addition to other records already required by the Act and its regulations, with the regulation becoming effective on October 1, 2013.
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