Alabama Credit Card Act
Alabama · Banks and Financial Institutions · §§ 5-20-10 to 5-20-9 · 9 sections
Overview
The act governs the formation and operation of credit card banks, setting out the terms on which such an institution may be established or acquired and the standards it must meet. It establishes an approval process built around an application and filing fee, addresses the charges, rates, and fees these institutions may impose, and identifies the law applicable to their operations. It also provides for ongoing supervision and enforcement, and specifies how its provisions relate to other state laws, superseding those that conflict.
Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.
In the courts
Sections of this act have been cited in 7 court decisions.
Most-cited authority: 163 N.C. App. 207 - Sears Roebuck and Co. v. Avery
Sections covered
- Ala. Code § 5-20-10Construction with Other Laws; Repeal of Conflicting Laws.
- Ala. Code § 5-20-2Short Title.
- Ala. Code § 5-20-3Definitions.
- Ala. Code § 5-20-4Establishment or Acquisition of a Credit Card Bank.
- Ala. Code § 5-20-5Charges, Rates, and Fees.7 cites
- Ala. Code § 5-20-6Application for Approval; Filing Fee.
- Ala. Code § 5-20-7Supervision and Enforcement.
- Ala. Code § 5-20-8Applicable Law.
- Ala. Code § 5-20-9Severability.
Enacted in other states
Download
Copy
Embed on your site
Hover to preview · click to copy the code