Chapter 12 - Flexible Credit Act

Chapter 12 - Flexible Credit Act

§ 45-12-101. Short title.
§ 45-12-102. Chapter definitions.
§ 45-12-103. License required to engage in business of making flex loans -- Designation of agent for service of process by nonresident licensees.
§ 45-12-104. Qualifications for licensure -- Continuing nature.
§ 45-12-105. Contents of written application for license.
§ 45-12-106. Application requirements.
§ 45-12-107. Investigation of applicants -- Issuance of license -- Posting of license -- Term of license.
§ 45-12-108. Denial of application -- Hearing.
§ 45-12-109. Expiration of license -- Renewal -- Fees -- Biennial license arrangement -- Criminal history records check.
§ 45-12-110. License nontransferable and nonassignable -- Change in control of licensee -- Notification to department of change in place of business.
§ 45-12-111. Interest, fees, and charges.
§ 45-12-112. Licensee to provide to prospective customers written explanation of interest, fees, and charges -- Requirements for account-opening statement -- Billing statements.
§ 45-12-113. Books, accounts and records -- Limitations and requirements applicable to operation of business of making flex loans.
§ 45-12-114. Law applicable to business of making flex loans -- Licensees legally exercising powers under this chapter not in violation of statutory provisions.
§ 45-12-115. Promulgation of rules -- Investigation and examination of licensees -- Payment of expenses of investigation or examination -- Exception.
§ 45-12-116. Grounds for suspension or revocation of license -- Revocation or suspension of multiple licenses -- Hearing.
§ 45-12-117. Authorized actions by commissioner upon violation of chapter or rules.
§ 45-12-118. Grounds to suspend or bar a person from any position of employment, management or control of a licensee.
§ 45-12-119. Consent orders--Emergency actions by commissioner.
§ 45-12-120. Complaints against licensees to be filed with commissioner -- Investigative powers -- Enforcement.
§ 45-12-121. Events requiring notification by licensee to commissioner.
§ 45-12-122. Annual report by licensee -- Confidentiality of information.
§ 45-12-123. Multi-state automated licensing system.
§ 45-12-125. Disclosure and sharing of information and material provided to multi-state automated licensing system.
§ 45-12-126. Allocation of certain fees.

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