HB416 Alabama 2013 Session

Updated Feb 27, 2026

Notable

Summary

Primary Sponsor: Duwayne Bridges
Republican
Co-Sponsors: Barry Moore Paul W. Lee
Session: Regular Session 2013
Title: Deferred presentment services, military, protect from abusive lending practices, Sec. 5-18A-15 am'd.
Summary: HB416 adds federal military-law violations to the grounds for suspending or revoking licenses of deferred presentment services providers to better protect service members.
What This Bill Does
It amends Section 5-18A-15 to let regulators suspend or revoke a deferred presentment services license if the licensee violates federal law relating to U.S. military members. It retains existing grounds for license action, such as fraud, misrepresentation, failure to pay fees, incompetence, and false records. It also allows the regulator to revoke or suspend all licenses if a problem at one location affects all locations, and requires a hearing with at least 20 days’ notice. The act becomes effective immediately after passage and governor approval.

Who It Affects
Licensed deferred presentment services providers: now subject to suspension or revocation for federal-law violations involving U.S. military members, in addition to existing grounds.
Members of the United States military: protected from abusive lending practices; regulators can take license actions against lenders who violate federal law related to service members.

Key Provisions
Adds federal-law violations involving U.S. military members as grounds for suspension or revocation of deferred presentment services licenses.
Keeps existing grounds for license action: failure to pay fees, fraud, violations of the chapter or regulations or other laws (including 10 U.S.C. §987), false statements, incompetence, and false information on records or customer documents.
If a location's issue is generally applicable to all locations, regulator may revoke or suspend all licenses issued to the licensee.
Requires a hearing with at least 20 days’ notice before license actions.
Effective immediately after passage and governor approval.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.
Subjects: Military