SB257 Alabama 2022 Session
Updated Apr 7, 2022
SB257 Alabama 2022 Session
Senate Bill
In Committee
Current Status
Regular Session 2022
Session
1
Sponsor
Summary
- Primary Sponsor
-
Will Barfoot SenatorRepublican - Session
- Regular Session 2022
- Title
- Banking and financial institutions, small loans, authorizing limited closing fees, 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 Actions
S
Indefinitely Postponed
S
Read for the second time and placed on the calendar
S
Read for the first time and referred to the Senate committee on Banking and Insurance
Bill Text
Documents
Source: Alabama Legislature