SB399 Alabama 2016 Session

Summary

Primary Sponsor

Clyde ChamblissSenator

Republican

Session

Regular Session 2016

Title

Lenders, requiring photo identification of applicant for loan offered over the Internet

Summary

Online lenders regulated by Alabama's State Banking Department would have to require a copy of the applicant's photo ID with every online loan application.

What This Bill Does

If enacted, the bill requires lenders offering loans over the Internet to collect and include a copy of a valid government-issued photo ID with each loan application. It gives the State Banking Department the authority to create rules to implement this requirement. The law would take effect three months after it becomes law.

Who It Affects

• Lenders regulated or licensed by the Alabama State Banking Department: must require and include a copy of the applicant's photo ID for online loan applications.
• Individuals applying for loans over the Internet: would need to provide a government-issued photo ID as part of the loan application.

Key Provisions

• All online loan applications must include a copy of a valid government-issued photo ID for applicants.
• The State Banking Department's superintendent may promulgate rules to implement the requirement.
• Effective date is the first day of the third month after the bill's passage and governor's 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

Loans