Civil Court Records
Criminal Court Records
Agency Laws & Licensing Requirements
There are no licensing or bond requirements
for governing collection activities in Alabama. However, there is a license
tax that must be paid to the town and/or city location where the collection
agency's place of business is.
PER BUSINESS, VOCATION OR OCCUPATION
PRIVILEGE LICENSES, Article 2
Each collection agency shall pay the following:
License Tax Information:
$100.00 (towns & cities 20k or more inhabitants)
$25.00 towns and cities of less than 20,000 inhabitants. [C.O.A. 40-12-80]
General Office Helps
Consumers With Debt Collection Violations In Many Cases. Consumers can
file complaints online here.
Alabama Deceptive Trade
Attorney Bar Locate
an Attorney who practices in Alabama, State laws, and Links
Alabama follows the
Federal Fair Debt Collection Practices
The Federal Debt Collection Law is enforced by
The Federal Trade
you have a complaint about a Bank or other financial institution (The Federal
License not required for out-of-state agencies. Business License (see exemption)
Not Required [per Sctry. of State]. Bond not required. No Regulations,
cannot dun spouse [Ex Part
Bunting Plastic Surgery Clinic; 624 So.2d 1075 (Ala.Supr.Ct) Aug. 1993]
Rate(s): Legal 6% Judgment
Debt Collection Statute of Limitations:
Open Acct. 3 Years - Written Contract 6 Years - Domestic Judgments 20 Years
- Foreign Judgments 20
Bad Check Laws &
Civil Penalty: Was
Greater of $10.00 or Actual Bank Charges, Now any person who issues
a bad check is responsible for payment of the Bad Check Charge of Twenty
Five Dollars [$25.00] or an amount equal to the actual charge by the depository
8-8-15. Commencing January
1st, 1999, the Bad Check Charge shall be increased by $1.00 per year until
it reaches the maximum charge of $30.00 by January 1st, 2003.
See Also Sec
for Writing a Bad
Check = Up To The
Notice: Giving of the Notice and Proceeding.
a Worthless Negotiable Instrument Is A Class a Misdemeanor (Sec.
Laws: Title 13A Criminal
Fines For Misdemeanors &
Bank Fraud &
100 South Lawrence Street
Montgomery, AL 36104
How to file on a Worthless
75% of Wages exempt from Garnishment
Filings (Searchable Database Online)
Court System Online
Other Credit and Collection
The major laws
that govern financial institutions and protect individuals in their financial
Consumer Credit Protection
Act It is the purpose of this
title to assure a meaningful disclosure of credit terms so that the consumer
will be able to compare more readily the various credit terms available to
him and avoid the uninformed use of credit, and to protect the consumer against
inaccurate and unfair credit billing and credit card practices.
Truth in Lending
Act Consumer Credit Costs
Disclosures, requires a lender to tell you how much it will cost to borrow
money so that you can compare the terms of credit offered by different lenders.
Fair Credit and Charge Card Disclosure
Act requires a lender offering
you a credit card to tell you the annual percentage rate (APR), the amount
of any annual fee, and whether you have a grace period to pay your bill before
a finance charge is added.
Fair Credit Reporting
Act controls how your credit
history (how you pay your bills) is kept by credit bureaus and used by lenders.
Equal Credit Opportunity
Act prohibits lenders
from discriminating against you in a credit transaction on the basis of certain
personal characteristics such as race, color, religion, national origin,
sex, marital status, age, because you receive public assistance or because
youve exercised your rights under the Consumer Credit Protection Act.
Fair Debt Collection Practices
Act lays out the rules a debt
collector must follow when trying to collect a debt from a consumer.
Home Equity Loan Consumer Protection
Act requires a lender to give
you complete information about the home equity loan plan it offersfirst
when you receive an application and again before you first use the line of
The Home Ownership and Equity Protection
Act requires disclosures and
imposes substantive limitations on mortgage transactions having rates or
fees above a certain percentage or amount. It also requires disclosures about
the potential costs for reverse mortgages.
Fair Housing Act
prohibits lenders from
discriminating against you in real estate mortgage or home improvement loans
on the basis of race, color, religion, national origin, sex, familial status,
Real Estate Settlement Procedures
Act states that lenders must
give purchasers information about the costs required to close a mortgage
loan. It also protects consumers from unnecessarily high real estate settlement
costs by prohibiting certain business practices. This applies when you take
out or refinance a loan secured by real estate such as a mortgage loan or
a home equity loan.
Fair Credit Billing
Act requires that a lender
promptly correct a mistake on your credit card bill.
Funds Availability Act limits
how long a bank may delay your use of the funds you deposit in an account.
Truth in Savings Act requires lenders
to disclose the terms of their deposit accounts in a uniform way.
Fund Transfer Act limits an
individuals liability if their ATM card is lost or stolen and calls
for investigation and correction of errors made to your account.
Leasing Act requires the costs
and the terms of a consumer lease, such as a lease for a car or for furniture,
be outlined to you so that you can compare the cost of leasing.
Credit and Collection
of the Currency
Office of the Ombudsman
Customer Assistance Unit
1301 McKinney Street
Houston, TX 77010
1 (800) 613-6743
(regulates banks with national in the name or N.A. after the
Compliance and Consumer Affairs
550 17th Street, N.W.
Washington, DC 20429
(202) 942-3100 or 1 (800) 934-3342
(regulates state chartered banks that are not members of the
Federal Reserve System)
of Thrift Supervision
1700 G Street, N.W.
Washington, DC 20552
(202) 906-6237 or 1 (800) 842-6929
(regulates federal savings and loans and federal savings banks)
Office of Public and Congressional Affairs
1775 Duke Street
Alexandria, VA 22314-3428
(regulates federally chartered credit unions)
Consumer Response Center
6th and Pennsylvania, N.W.
Washington, DC 20580
877-FTC-HELP toll free (877-382-4357)
(regulates finance companies, stores, auto dealers, mortgage
companies, and credit
More Credit and Collection
Links For Alabama
State Credit and Collection
Laws Laws about, Repo Autos,
Checks, Credit, Courts, Judgments, Secured Debts, UCC, Credit Terms and Use,
Bankruptcy Courts, Collections, State Agencies & Organizations.
Open Directory Project Links
Search Consumer Rights & Protections
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