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Alabama · Through Act 2026-611

Ala. Code § 5-1A-4: Restrictions on Engaging in Banking Business.

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Where this section sits in the code
  1. Title 5 Banks and Financial Institutions.
  2. Chapter 1A General Provisions.

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.

Collected 2026-09-03T14:01:52Z. Source file · JSON

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