With respect to a consumer credit sale, the seller may not give or offer to give a rebate or discount, or otherwise pay or offer to pay value to the buyer, as an inducement for a sale in consideration of the buyer giving to the seller the names of prospective purchasers, or otherwise aiding the seller in making a sale to another person, if the earning of the rebate, discount, or other value is contingent upon the occurrence of an event subsequent to the time the buyer agrees to buy. If a buyer is induced by a violation of this section to enter into a consumer credit sale, the agreement is unenforceable by the seller and the buyer, at the buyer's option, may rescind the agreement or retain the goods delivered and the benefit of any services performed without any obligation to pay for them.
Structure Code of Alabama
Title 5 - Banks and Financial Institutions.
Chapter 19 - Consumer Finance.
Section 5-19-1.1 - Legislative Findings.
Section 5-19-5 - Acceptance of Negotiable Instruments as Evidence of Consumer Debt.
Section 5-19-7 - Right to Refinance Amount of Certain Scheduled Payments.
Section 5-19-8 - Assignee of Seller Subject to Claims and Defenses of Buyer.
Section 5-19-10 - Contract Provisions for Attorney's Fees.
Section 5-19-12 - Buyer's Right to Cancel Home Solicitation Sale.
Section 5-19-14 - Rebates or Discounts, etc., as Inducement for Aiding Sale to Another Prohibited.
Section 5-19-15 - Garnishment.
Section 5-19-16 - Refusal by Court to Enforce Unconscionable Agreement.
Section 5-19-18 - Installment Payment of Debt of One Thousand Dollars or Less.
Section 5-19-24 - Examinations and Investigations of Licensees by Administrator.
Section 5-19-29 - Injunctions.
Section 5-19-30 - Penalty for Violations.