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APPLICATION FOR ORIGINAL LICENSE Alabama Small Loan Act State Banking Department 401 Adams Avenue, Suite 680 Montgomery, Alabama 36130 SL For Department Use Only LIC #: ID#: Only 374: Also 2052: LIC

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What is small loan act original?

The Small Loan Act original is a law that sets forth regulations for small loans given by lenders to borrowers. It provides guidelines for interest rates, fees, and other terms of these loans.

Who is required to file small loan act original?

Lenders who provide small loans are required to file the Small Loan Act original.

How to fill out small loan act original?

To fill out the Small Loan Act original, lenders need to provide information about the loan terms, borrower information, interest rates, and any applicable fees. They must ensure compliance with the regulations stated in the act.

What is the purpose of small loan act original?

The purpose of the Small Loan Act original is to protect consumers from predatory lending practices and ensure fair and reasonable terms for small loans.

What information must be reported on small loan act original?

The Small Loan Act original requires lenders to report information such as the loan amount, interest rate, borrower's personal information, fees charged, and repayment terms.

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