HB335 Alabama 2022 Session
Signed by Governor
Bill Summary
Sponsors
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.
Relating to banking and financial institutions; to authorize limited closing fees on certain small loans.
Subjects
Small Loans
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | HB335 Alabama 2022 Session - Enrolled |
| Bill Text | HB335 Alabama 2022 Session - Introduced |
Source: Alabama Legislature