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HB335 Alabama 2022 Session

Updated May 16, 2022
HB335 Alabama 2022 Session
House Bill
Enacted
Current Status
Regular Session 2022
Session
1
Sponsor

Summary

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

Bill Text

Votes

Motion to Read a Third Time and Pass Roll Call 373

March 1, 2022 House Passed
Yes 73
No 13
Abstained 13
Absent 4

HBIR: Blackshear motion to Adopt Roll Call 372

March 1, 2022 House Passed
Yes 83
No 13
Abstained 3
Absent 4

Motion to Read a Third Time and Pass Roll Call 659

March 17, 2022 Senate Passed
Yes 32
Absent 3

SBIR: Barfoot motion to Adopt Roll Call 658

March 17, 2022 Senate Passed
Yes 32
Absent 3

Documents

Source: Alabama Legislature