Regulatory Alerts1997-10-01
Petition for Regulation, Amendment or Repeal
The Alabama State Banking Department mandates that any person proposing to adopt, amend, or repeal consumer finance regulations must submit a formal petition using a specified form. The petitioner must provide detailed contact information, identify the specific regulation involved, and attach Exhibit A containing a narrative justification that outlines affected parties, benefits, costs, legal authority, and potential adverse impacts. Additionally, supporting documents must be included as Exhibit B, and the complete petition along with five copies must be filed with the Supervisor of the Bureau of Loans in Montgomery, Alabama.
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