No person, firm, corporation or other entity except a bank or if otherwise lawfully authorized a credit union or a savings and loan association may lend money and either receive deposits or pay checks at its principal office or branch in this state.
Structure Code of Alabama
Title 5 - Banks and Financial Institutions.
Chapter 1A - General Provisions.
Section 5-1A-3 - Use of Words "Bank," "Banker," "Banking," etc., Restricted.
Section 5-1A-4 - Restrictions on Engaging in Banking Business.
Section 5-1A-5 - Supervisory Provisions Not Applicable to National Banks.
Section 5-1A-6 - Inconsistent Provisions in Other Laws Superseded.
Section 5-1A-7 - Activities of Savings and Loan Associations and Credit Unions Not Restricted.
Section 5-1A-8 - Effect of Repeal of Prior Acts.
Section 5-1A-10 - Use of Lender Information or Trade Name in Solicitations.