Except where other specific remedies are provided in this chapter for violations, in which event those remedies shall apply, any provision of a loan contract which violates this chapter shall be unenforceable by the licensee to the extent, but only to the extent, of the violation, and the other remaining provisions and agreements shall be enforceable and shall not be void and shall not be affected by the violation. Except as set forth in subsection (l) of Section 5-18-15, any licensee who fails to comply with any requirement imposed under this chapter with respect to any person is liable to the person for the actual damage sustained by the person as the result of the failure.
Structure Code of Alabama
Title 5 - Banks and Financial Institutions.
Section 5-18-2 - Legislative Findings of Fact and Declaration of Intent.
Section 5-18-4 - License - Required; Exemptions; Penalties for Violation of Section.
Section 5-18-5 - License - Application; Fees; Disposition of Fees.
Section 5-18-6 - License - Investigation of Application; Issuance or Denial of License.
Section 5-18-7 - License - Contents; Posting; Continuing Effect.
Section 5-18-8 - License - Place of Business of Licensee.
Section 5-18-9 - License - Revocation, Suspension, etc.; Investigation of Complaints.
Section 5-18-10 - Examinations of Licensees; Investigations; Enforcement Powers of Supervisor.
Section 5-18-11 - Books, Accounts and Records of Licensees; Annual Report.
Section 5-18-13 - Advertising; Schedule of Charges.
Section 5-18-15 - Interest Rates, Charges, and Fees.
Section 5-18-15.1 - Additional Late Payment Charge.
Section 5-18-16 - Duties of Licensees as to Making and Payment of Loans.
Section 5-18-17 - Insurance in Connection With Credit Transaction.
Section 5-18-18 - Charges, Rates, etc., as to Certain Loans.
Section 5-18-19 - Collection of Loans Made Outside State.
Section 5-18-20 - Review of Orders, etc., of Supervisor.
Section 5-18-22 - Modification, Amendment or Repeal of Chapter.