§ 5-18A-1 Short title; purpose
§ 5-18A-2 Definitions
§ 5-18A-3 License – Required; applicability
§ 5-18A-4 License – Qualifications
§ 5-18A-5 License – Application
§ 5-18A-6 License – Fees; financial statement
§ 5-18A-7 License – Issuance; display; payment of fees; surrender
§ 5-18A-8 License – Change of control
§ 5-18A-9 Circumstances requiring written report
§ 5-18A-10 Rules and regulations; judicial review
§ 5-18A-11 Maintenance of business records; notice of intent to conduct business in conjunction with other business; examination of place of business
§ 5-18A-12 Transaction fees; renewal or extension; repayment; bad check charge
§ 5-18A-13 Duties of licensee
§ 5-18A-14 Denial of application; hearing
§ 5-18A-15 Suspension or revocation of license; hearing
§ 5-18A-16 Violations of chapter
§ 5-18A-17 Consent orders; civil or criminal penalties; extraordinary circumstances
§ 5-18A-18 Written complaint; investigation; compliance with subpoena
§ 5-18A-19 Public notice of provisions
§ 5-18A-20 Excessive charges
§ 5-18A-21 Disposition of funds
§ 5-18A-22 Claims preceding effective date of chapter

Terms Used In Alabama Code > Title 5 > Chapter 18A

  • Affirmed: In the practice of the appellate courts, the decree or order is declared valid and will stand as rendered in the lower court.
  • Appellate: About appeals; an appellate court has the power to review the judgement of another lower court or tribunal.
  • Bequest: Property gifted by will.
  • check: A debit authorization or a check signed by the maker and made payable to a person licensed under this chapter. See Alabama Code 5-18A-2
  • CONTINUOUS TRANSACTION: To extend a deferred presentment transaction with the same account without redemption in full with cash or guaranteed funds. See Alabama Code 5-18A-2
  • DEFERRED PRESENTMENT SERVICES: A transaction pursuant to a written agreement involving the following combination of activities in exchange for a fee:

    a. See Alabama Code 5-18A-2

  • department: The State Banking Department. See Alabama Code 5-18A-2
  • Forgery: The fraudulent signing or alteration of another's name to an instrument such as a deed, mortgage, or check. The intent of the forgery is to deceive or defraud. Source: OCC
  • Grace period: The number of days you'll have to pay your bill for purchases in full without triggering a finance charge. Source: Federal Reserve
  • Indictment: The formal charge issued by a grand jury stating that there is enough evidence that the defendant committed the crime to justify having a trial; it is used primarily for felonies.
  • licensee: A person licensed to provide deferred presentment services pursuant to this chapter. See Alabama Code 5-18A-2
  • person: An individual, group of individuals, partnership, association, corporation, or any other business unit or legal entity. See Alabama Code 5-18A-2
  • Probable cause: A reasonable ground for belief that the offender violated a specific law.
  • rollover: Any deferred presentment transaction where the transaction is not paid in full and the licensee agrees to allow the customer to pay the fee only for a new deferred presentment transaction. See Alabama Code 5-18A-2
  • supervisor: The Supervisor of the Bureau of Loans or his or her designee. See Alabama Code 5-18A-2
  • Testify: Answer questions in court.
  • Transcript: A written, word-for-word record of what was said, either in a proceeding such as a trial or during some other conversation, as in a transcript of a hearing or oral deposition.