World Finance – 3684 Airport Blvd
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https://www.mapquest.com/us/alabama/world-finance-352011417
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Frequently Asked Questions about World Finance
Consumer lenders like World Finance in Alabama operate under the Alabama Consumer Credit Act (Mini-Code), codified in Title 5, Chapter 19 of the Alabama Code. This framework mandates licensing from the State Banking Department - Bureau of Loans for each location before making consumer loans or taking assignments of credit contracts.
Key Regulations
The Act governs finance charges, disclosures, minimum loan terms (30 days for loans under $2,000), refunds on renewals, and prohibits excess charges. Licensees face examinations, potential revocation for violations, and must maintain compliant files.
More Information
Visit the Alabama State Banking Department website or review Ala. Admin. Code r. 155-2-2 for full rules and licensing details.