There is a newer version
of
this Section
2019 Code of Alabama
Title 5 - Banks and Financial Institutions.
Chapter 27 - Savings Promotion Contest
Section 5-27-4 - (Effective January 1, 2018) Oversight.
Universal Citation: AL Code § 5-27-4 (2019)
Section 5-27-4(Effective January 1, 2018) Oversight.
Each savings promotion contest is subject to oversight by the federal or state agency responsible for regulating the financial institution, and the regulatory agency may issue cease and desist orders relating to a savings promotion contest offered by a financial institution which it regulates if the regulatory agency concludes, based on substantial evidence, that the financial institution is engaging in unsafe or unsound practices or that the financial institution has violated any law or rule, condition, or agreement of the regulatory agency.
(Act 2017-406, §4.)
Disclaimer: These codes may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
