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AL SB530
Bill
Status
4/17/2012
Primary Sponsor
Bryan Taylor
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AI Summary
SB530 Summary
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Removes the exemption from Alabama Small Loan Act license fees for persons licensed under the Alabama Consumer Credit Act.
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Persons licensed under the Alabama Small Loan Act must now pay license and examination fees under the Consumer Credit Act if they make loans exceeding $1,000.
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Amends Section 5-19-22 of the Code of Alabama 1975 relating to the Alabama Consumer Credit Act.
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Becomes effective on the first day of the third month following passage and approval by the Governor.
Legislative Description
Alabama Consumer Credit Act, exemption from license fee removed for certain individuals, Sec. 5-19-22 am'd
Consumer Credit
Last Action
Read for the first time and referred to the Senate committee on Finance and Taxation General Fund
4/17/2012