Regulatory Alerts1997-10-01
Added · Updated
Rulemaking Proceedings Under the Alabama Small Loan Act and Consumer Credit Act
The Alabama State Banking Department designated the Supervisor of the Bureau of Loans as an authorized designee to issue written interpretations of the Alabama Consumer Credit Act and the Alabama Small Loan Act. This regulatory action formalizes the authority for the Bureau to promulgate necessary rules and regulations for the execution and enforcement of these statutes. The regulations are published in the Alabama Administrative Monthly and governed by Section 5-19-21 of the Code of Alabama.
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