Creation of Department; Duties Generally.

  1. Law
  2. Code of Alabama
  3. Banks and Financial Institutions.
  4. State Banking Department.
  5. General Provisions.
  6. Creation of Department; Duties Generally.

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Section 5-2A-1

Creation of department; duties generally.

There shall be a State Banking Department which shall administer the laws of this state which regulate or otherwise relate to corporations doing or carrying on a banking business in the state, all laws relating to savings and loan associations doing business in this state and all laws relating to persons, firms or corporations engaging in the loan business in this state. The authority of the State Banking Department to perform such functions shall be exclusive.

(Acts 1980, No. 80-658, p. 1259, §5-2-1; Acts 1985, No. 85-457, p. 425, §1.)


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