HB335 Alabama 2022 Session

Updated May 16, 2022

Summary

Primary Sponsor: Chris BlackshearRepresentative
Republican
Session: Regular Session 2022
Title: Small loans companies, licensees of Banking Dept., additional limited closing fee for loans, Sec. 5-18-15 am'd.
Description: Under existing law, there is no provision for a closing fee payable to banks and financial institutions on small loans of less than one thousand five hundred dollars ($1,500).
This bill would authorize banks and financial institutions to charge a closing fee in a limited amount on small loans, subject to partial refund upon prepayment of the loan.
Subjects: Small Loans