Alabama Statutes

§ 5-18-6 — License - Investigation of Application; Issuance or Denial of License

Alabama·Title 5 Banks and Financial Institutions·Ch. 18 Small Loans
(a)Investigation of application. - Upon the filing of such application and the payment of such fees, the supervisor shall investigate the facts concerning the application and the requirements provided for in subsection (b) of this section. The supervisor shall grant or deny such application for a license within 90 days from the filing thereof with the required information and fees unless the period is extended by written agreement between the applicant and the supervisor.
(b)Issuance of license. - If the supervisor shall find that the liquid assets, financial responsibility, experience, character and the general fitness of the applicant are such as to warrant the belief that the business will be operated lawfully, honestly, fairly and efficiently, within the purposes of this chapter, and

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Legislative History

(Acts 1959, No. 374, p. 966, §5.)

Nearby Sections

15
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