Code of Alabama - Title 5: Banks and Financial Institutions - Section 5-18A-6 - License - Fees; financial statement

Section 5-18A-6 - License - Fees; financial statement.

Each application for a license shall be accompanied by all of the following:

(1) A nonrefundable license fee of five hundred dollars ($500) for each location, office, or branch at which the applicant conducts business. The license fees are subject to increase by the supervisor through regulation.

(2) A nonrefundable application investigation fee of one hundred dollars ($100).

(3) A financial statement meeting the requirements of subdivision (1) of subsection (a) of Section 5-18A-4.

(Act 2003-359, p. 992, §6.)

Last modified: May 3, 2021