SB257 Alabama 2022 Session
In Committee
Bill Summary
Sponsors
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
Relating to banking and financial institutions; to authorize limited closing fees on certain small loans.
Subjects
Small Loans
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| April 6, 2022 | S | Indefinitely Postponed |
| March 9, 2022 | S | Read for the second time and placed on the calendar |
| February 23, 2022 | S | Read for the first time and referred to the Senate committee on Banking and Insurance |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | March 9, 2022 | Room 320 **BILL ADDED** at 13:00 | Senate B&I Hearing |
Bill Text
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB257 Alabama 2022 Session - Introduced |
| Fiscal Note | Fiscal Note - SB257 for Banking and Insurance |