Moving or Closing a Licensed Location Under the Deferred Presentment Services Act

155-2-4-.05 Moving or Closing a Licensed Location – Deferred Presentment Services Act (1) At least thirty (30) days before the address of a licensed location is changed, the licensee shall notify the Supervisor in writing. The licensee shall post an announcement on the front door listing the address for the new location. The announcement shall remain on the front door until the location changes. The licensee shall certify to the Supervisor the date the announcement was posted and shall attach a copy of the announcement and the original license for amendment. (2) At least thirty (30) days before a licensed location is to be closed, the licensee shall notify the Supervisor in writing. The licensee shall post an announcement on the front door listing the business telephone number and mailing address of another location, if any. The announcement shall remain posted until the existing location closes. The licensee shall certify to the Supervisor the date the announcement was posted and shall attach a copy of the announcement along with the original license for the closing location. Author: Scott Corscadden, Supervisor, Bureau of Loans Statutory Authority: Code of Alabama 1975, §5-18A-10 and §5-18A-7 History: Effective October 1, 2013