Ala. Admin. Code r. 155-2-2-.04

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

Section 155-2-2-.04 - Changes in Ownership - Alabama Consumer Credit Act

(1) A licensee, other than a licensee whose shares are publicly traded, shall notify the Supervisor, in writing, of any changes affecting ownership and submit such information as the Supervisor may require consistent with the provisions of the Alabama Consumer Credit Act. The Supervisor may request such information at any time should he or she have reasonable cause to believe a change in licensee's ownership has occurred.

Effective 10/1/1997.

Author: Scott Corscadden, General Counsel

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