Ala. Admin. Code r. 155-2-2-.03

Current through Register Vol. 43, No. 1, October 31, 2024

Section 155-2-2-.03 - Amendment of License - Alabama Consumer Credit Act

(1) Any amendment of the license shall require the prior approval of the Supervisor. Authorized amendments, including but not limited to changes in location or trade name, shall be made only upon written request of the licensee and submission of the current license.

(2) Failure to obtain the prior approval of the Supervisor may result in a fine not to exceed $500.00.

(3) Any amendment of the license shall be accompanied by the fee provided for in Rule 155-2-1-.05(1)(e).

Ala. Admin. Code r. 155-2-2-.03

Effective 10/1/1997; Amended 1/1/2020.

Author: Scott Corscadden, Supervisor, Bureau of Loans

Statutory Authority: Code of Alabama 1975, § 5-19-21, § 5-19-22, § 5-19-25