Alabama § 8-7A-12 Examinations

Alabama Statutes

§ 8-7A-12 — Examinations

Alabama § 8-7A-12

Title 8Commercial Law and Consumer Protection

Ch. 7AAlabama Monetary Transmission Act

This text of Alabama § 8-7A-12 (Examinations) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 8-7A-12 (2026).

Text

(a)The commission may conduct an annual examination of a licensee or of any of its authorized delegates.

(b)The commission may examine a licensee or its authorized delegate, at any time, if the commission has reason to believe that the licensee or authorized delegate is engaging in an unsafe or unsound practice or has violated or is violating this chapter or any rule adopted or order issued under this chapter.

(c)If the commission concludes that an on-site examination is necessary under subsection (b), the licensee shall pay the reasonable cost of the examination.

(d)Information obtained during any examination under this chapter may be disclosed only as prescribed in Section 8-7A-21.

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(a) The commission may conduct an annual examination of a licensee or of any of its authorized delegates.
(b) The commission may examine a licensee or its authorized delegate, at any time, if the commission has reason to believe that the licensee or authorized delegate is engaging in an unsafe or unsound practice or has violated or is violating this chapter or any rule adopted or order issued under this chapter.
(c) If the commission concludes that an on-site examination is necessary under subsection (b), the licensee shall pay the reasonable cost of the examination.
(d) Information obtained during any examination under this chapter may be disclosed only as prescribed in Section 8-7A-21.