Code of Alabama
Title 8 - Commercial Law and Consumer Protection.
Chapter 7A - Alabama Monetary Transmission Act.

Section 8-7A-1 - Short Title. - This chapter may be cited as the Alabama Monetary Transmission...

Section 8-7A-2 - Definitions. - For purposes of this chapter, the following terms shall have...

Section 8-7A-3 - Exclusions. - This chapter does not apply to any of the following:...

Section 8-7A-4 - Exemptions From Licensing. - Sections 8-7A-5 to 8-7A-15, inclusive, shall not apply to any...

Section 8-7A-5 - License Required. - (a) A person may not engage in the business of...

Section 8-7A-6 - Application for License. - (a) A person applying for a license under this chapter...

Section 8-7A-7 - Security. - (a) A licensee shall maintain a surety bond, letter of...

Section 8-7A-8 - Issuance of License. - (a) When an application is filed under this chapter, the...

Section 8-7A-9 - Renewal of License. - (a) All licenses under this chapter shall expire on March...

Section 8-7A-10 - Net Worth. - A licensee under this chapter shall maintain a net worth...

Section 8-7A-11 - Relationship Between Licensee and Authorized Delegate. - (a) A contract between a licensee and an authorized delegate...

Section 8-7A-12 - Examinations. - (a) The commission may conduct an annual examination of a...

Section 8-7A-13 - Reports. - (a) A licensee shall file a report to the commission...

Section 8-7A-14 - Records. - (a) A licensee shall maintain all of the following records...

Section 8-7A-15 - Suspension and Revocation. - (a) The commission, by order, may suspend or revoke a...

Section 8-7A-16 - Unauthorized Activities. - A person may not provide monetary transmission services on behalf...

Section 8-7A-17 - Orders to Cease and Desist and Other Injunctive or Civil Relief. - (a) If the commission determines that any person has engaged...

Section 8-7A-18 - Consent Orders. - The commission may enter into a consent order at any...

Section 8-7A-19 - Civil Penalties. - (a) The commission may assess a civil penalty against a...

Section 8-7A-20 - Criminal Penalties. - (a) A person that intentionally makes a false statement, misrepresentation,...

Section 8-7A-21 - Confidentiality. - (a) Except as otherwise provided in subsection (b), all information...

Section 8-7A-22 - Cooperation. - The commission may consult and cooperate with other federal and...

Section 8-7A-23 - Investigation and Subpoenas by Commission. - (a) The commission may do any of the following: (1)...

Section 8-7A-24 - Party Aggrieved by Order Entitled to Hearing Before Commission; Appeals From Action of Commission. - (a) Any person aggrieved by an order issued under this...

Section 8-7A-25 - Burden of Proving an Exemption or an Exception From a Definition. - In any proceeding under this chapter, the burden of proving...

Section 8-7A-26 - Making, Amending, and Rescinding Rules and Prescribing Forms. - The commission from time to time, may make, amend, and...

Section 8-7A-27 - Interpretive Opinions by the Commission. - (a) The commission may issue interpretative opinions and no-action letters...