Any bank holding company, bank holding company subsidiary, domestic lender or foreign lender proposing to establish or acquire a credit card bank pursuant to this chapter shall file an application with the superintendent for prior approval of such establishment or acquisition. Such application shall contain such information as the superintendent may require, and shall specifically acknowledge each applicant's agreement to be bound by the conditions set forth in Section 5-20-4. In addition, such application shall designate a resident of this state as each applicant's registered agent in connection with matters arising out of this chapter and shall be accompanied by the filing fee specified in section 5-20-4.
Structure Code of Alabama
Title 5 - Banks and Financial Institutions.
Chapter 20 - Alabama Credit Card Act.
Section 5-20-4 - Establishment or Acquisition of a Credit Card Bank.
Section 5-20-5 - Charges, Rates, and Fees.
Section 5-20-6 - Application for Approval; Filing Fee.
Section 5-20-7 - Supervision and Enforcement.
Section 5-20-8 - Applicable Law.
Section 5-20-9 - Severability.
Section 5-20-10 - Construction With Other Laws; Repeal of Conflicting Laws.