Alabama § 5-2A-24 - Examination of Small Loan Companies; Fees.
Full text of Alabama Code of Alabama § 5-2A-24 — Examination of Small Loan Companies; Fees., with citation guidance and answers to common questions.
§ 5-2A-24. Examination of Small Loan Companies; Fees.
The Superintendent of Banks may at any reasonable time cause an examination to be made of any small loan company, finance company, and other individual or person holding any license from the State Banking Department at the licensee’s place of business of the records and transactions of such licensee to determine compliance with the laws of Alabama. Each licensee shall pay to the State Banking Department the actual cost of each examination, the amount of which shall be reasonably prescribed under uniform and equitable rules and regulations promulgated by the Superintendent of Banks. All such fees shall be paid into the special fund set up by the State Treasurer pursuant to Section 5-2A-20, and used in the supervision and examination of licensees.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 5-2A-24
What does Code of Alabama § 5-2A-24 cover?
Section 5-2A-24 ("Examination of Small Loan Companies; Fees.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 5-2A-24?
A common citation format is "Code of Alabama § 5-2A-24" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 5-2A-24 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.