HB342
174690-1:n:02/24/2016:LLR/tj LRS2016-829 HB342 By Representative Todd RFD Financial Services Rd 1 25-FEB-16 SYNOPSIS: Under existing law, a license is required for any person engaged in the business of deferred presentment services. This bill would expand the licensure requirement for persons engaged in the business of deferred presentment services to include services offered by mail, telephone, Internet, mobile device application, or in person. This bill would increase the nonrefundable license fee and provide that one half of the increase would be paid to the State Banking Department and one half to the General Fund. This bill would provide that a person who attempts to evade the licensure requirement for the business of deferred presentment services would be guilty of a criminal offense and would provide penalties. This bill would further regulate the business of deferred presentment services by regulating the fees, interest, number of loans, term of a loan, finance charges, and...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB342.htm - 21K - Match Info - Similar pages
SB91
SB91 ENGROSSED By Senator Orr A BILL TO BE ENTITLED AN ACT To amend Sections 5-18A-3, 5-18A-6, 5-18A-12, and 5-18A-13, Code of Alabama 1975, relating to the business of deferred presentment services; to increase the nonrefundable license fee and provide that one half of the increase would be paid to the State Banking Department and one half to the General Fund; to expand the licensure requirements for any person engaged in the business of deferred presentment services to include services offered by mail, telephone, Internet, mobile device application, or in person; to provide that a person who attempts to evade the licensure requirement for the business of deferred presentment services would be guilty of a criminal offense; to provide penalties; to further regulate the business of deferred presentment services by regulating the fees, interest, number of loans, term of a loan, finance charges, and repayment of a loan; and in connection therewith would have as its purpose or effect the...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/SB91.htm - 18K - Match Info - Similar pages
HB526
176321-1:n:04/06/2016:LLR/tj LRS2016-1308 HB526 By Representative Scott RFD Financial Services Rd 1 12-APR-16 SYNOPSIS: This bill would create the Alabama Motor Vehicle Title Loan Act. The bill would: Require licensure by the State Banking Department for a person to act as a title loan lender; provide for the application for licensure; require a bond and a nonrefundable application and investigation fee; provide for inactive licenses, renewal and reactivation of licenses, a fee for the license, and for the denial, suspension, or revocation of licenses. The bill would specify acts which constitute violations for which certain disciplinary actions may be taken; would provide for the imposition of fines and criminal penalties; and would provide remedies for title loans made or serviced without proper licensure. The bill would establish requirements for a title loan agreement; would provide for reclaiming a repossessed motor vehicle under certain circumstances; and would provide payment of...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB526.htm - 54K - Match Info - Similar pages
HB297
174362-1:n:02/23/2016:LLR/tj LRS2016-727 HB297 By Representatives Garrett, Faulkner, Mooney, Scott, Boyd, Melton, Forte, Knight, Beech, McCampbell, Morrow, Lawrence, Clarke, Warren, Drummond, Fridy, Rowe, Shedd, Collins, Ledbetter and Pettus RFD Financial Services Rd 1 24-FEB-16 SYNOPSIS: Existing law regulates deferred presentment services. This bill would allow the State Banking Department to require an applicant for a license to engage in deferred presentment services to apply through the Nationwide Multistate Licensing System and Registry and would require a license for each location at which deferred presentment loans are made. This bill would require a licensee who offers deferred presentment services to offer an extended repayment option prior to the commencement of a civil action; would limit the fee that could be collected on a check returned for insufficient funds; would provide for when the period of the deferred presentment transaction begins and eliminate any additional...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB297.htm - 15K - Match Info - Similar pages
HB181
173937-1:n:02/10/2016:FC*/cj LRS2016-597 HB181 By Representative Martin RFD Insurance Rd 1 11-FEB-16 SYNOPSIS: Under existing law, insurance adjusters are defined to be representatives of the insurance company and not of the insured. This bill would provide for the licensing and regulation of public adjusters of insurance claims on behalf of insureds. A BILL TO BE ENTITLED AN ACT Relating to insurance; to provide for the qualifications and procedures for the licensing of public adjusters; to provide definitions and exceptions to the licensing and registration requirements; to require public adjusters to take and pass a written examination, with exception; to provide for nonresident licensing; to require public adjusters to complete a minimum of 24 hours of continuing education on a biennial basis; to provide standards of conduct for public adjusters; to require public adjusters to report administrative action taken against them in other jurisdictions; to give the Commissioner of...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB181.htm - 53K - Match Info - Similar pages
HB326
173229-1:n:02/04/2016:PMG/mfc LRS2016-261 HB326 By Representatives Todd, Hall, Coleman, Moore (M), Rogers, Jackson, England, Melton, Grimsley, Morrow, Beech, Buskey, Howard, Bracy, Polizos, Drummond, Forte, Warren, Greer, Sessions, Gaston, Pringle, Collins, Nordgren, Rowe, Henry, Treadaway and Harper RFD Financial Services Rd 1 25-FEB-16 SYNOPSIS: Under existing law, title loan lenders are not licensed. This bill would provide for the licensure and regulation of title loan lenders by the State Banking Department. This bill would prescribe maximum annual interest rates for title loans. This bill would prescribe procedures when there is a default of a title loan. This bill would prohibit the issuance of a title loan to a person under the age of 19 years. This bill would provide for the enforcement of the act by fines and criminal penalties. Amendment 621 of the Constitution of Alabama of 1901, now appearing as Section 111.05 of the Official Recompilation of the Constitution of Alabama of...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB326.htm - 47K - Match Info - Similar pages
SB301
173229-1:n:02/04/2016:PMG/mfc LRS2016-261 SB301 By Senator Orr RFD Fiscal Responsibility and Economic Development Rd 1 24-FEB-16 SYNOPSIS: Under existing law, title loan lenders are not licensed. This bill would provide for the licensure and regulation of title loan lenders by the State Banking Department. This bill would prescribe maximum annual interest rates for title loans. This bill would prescribe procedures when there is a default of a title loan. This bill would prohibit the issuance of a title loan to a person under the age of 19 years. This bill would provide for the enforcement of the act by fines and criminal penalties. Amendment 621 of the Constitution of Alabama of 1901, now appearing as Section 111.05 of the Official Recompilation of the Constitution of Alabama of 1901, as amended, prohibits a general law whose purpose or effect would be to require a new or increased expenditure of local funds from becoming effective with regard to a local governmental entity without...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/SB301.htm - 46K - Match Info - Similar pages
HB270
cell captive insurance companies. BE IT ENACTED BY THE LEGISLATURE OF ALABAMA:Section 1. Sections 27-31B-2, 27-31B-3, 27-31B-6, 27-31B-8, 27-31B-9, 27-31B-12, 27-31B-16, 27-31B-19, 27-31B-20, 27-31B-22, and 27-31B-24, Code of Alabama 1975, are amended to read as follows: ยง27-31B-2. "As used in this chapter, the following terms shall have the following meanings, unless the context clearly indicates otherwise: "(1) AFFILIATED COMPANY. Any company in the same corporate system as a parent, an industrial insured, or a member organization by virtue of common ownership, control, operation, or management. "(2) ALIEN CAPTIVE INSURANCE COMPANY. Any insurance company formed to write insurance business for its parents and affiliates and licensed pursuant to the laws of an alien jurisdiction which imposes statutory or regulatory standards in a form acceptable to the commissioner on companies transacting the business of insurance in that jurisdiction. "(3) ASSOCIATION. Any legal association of...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB270.htm - 59K - Match Info - Similar pages
SB240
SB240 By Senator Ward ENROLLED, An Act, Relating to the Alabama Board of Examiners in Psychology; to amend Sections 34-26-21, 34-26-41, 34-26-43.1, 34-26-62, 34-26-65, and 34-26-66, Code of Alabama 1975; to repeal Section 34-26-20, Code of Alabama 1975, to clarify the number and qualifications of the members of the board; to further specify the procedure for a licensee to request to be placed on inactive status by authorizing the board to charge an inactive license fee; to require a criminal background check of each applicant for a license and to specify the duties of the Alabama State Law Enforcement Agency (ALEA) in providing background information; to remove obsolete language; and in connection therewith would have as its purpose or effect the requirement of a new or increased expenditure of local funds within the meaning of Amendment 621 of the Constitution of Alabama of 1901, now appearing as Section 111.05 of the Official Recompilation of the Constitution of Alabama of 1901, as...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/SB240.htm - 24K - Match Info - Similar pages
HB352
173572-1:n:02/08/2016:JMH/th LRS2016-462 HB352 By Representative Todd RFD Boards, Agencies and Commissions Rd 1 01-MAR-16 SYNOPSIS: Under existing law, the practice of psychology is regulated by the Board of Examiners in Psychology, which is comprised of members appointed by the Governor. Existing law establishes the process and requirement for being licensed to practice psychology in the state. This bill would clarify that the board is comprised of eight members and that one of those members shall be primarily engaged in teaching, research, or administration. This bill would revise the process for a licensee to request that the board designate a license as inactive to authorize the board to assess an inactive licensee fee. This bill would require an applicant for a license to submit fingerprints and execute criminal history information release and would require the Alabama State Law Enforcement Agency (ALEA) to forward the fingerprints of an applicant to the Federal Bureau of...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB352.htm - 26K - Match Info - Similar pages
|