Code of Alabama
Title 5 - Banks and Financial Institutions.
Chapter 19 - Consumer Finance.

Section 5-19-1 - Definitions. - For the purposes of this chapter, the following terms shall...

Section 5-19-1.1 - Legislative Findings. - The Legislature finds as fact and determines that: (1) The...

Section 5-19-3 - Maximum Finance Charges; Contracting for Minimum Finance Charge; Alternate per Month Computed Finance Charge. - (a) Except under open-end credit plans, the maximum finance charge...

Section 5-19-4 - Additional Charges for Default or Deferral; Prepayment; Renewal or Refinancing; Real Property Transactions. - (a) When a scheduled payment in a consumer credit transaction...

Section 5-19-5 - Acceptance of Negotiable Instruments as Evidence of Consumer Debt. - In a consumer credit sale, the seller may not take...

Section 5-19-6 - Copies of Instruments Signed by Debtors to Be Furnished to Debtors; Required Statement in Contracts, etc.; Limitation on Disclosure Requirements; Intent, Applicability of Limitation. - (a) Any creditor, when extending credit with respect to a...

Section 5-19-7 - Right to Refinance Amount of Certain Scheduled Payments. - With respect to a consumer credit transaction, if any scheduled...

Section 5-19-8 - Assignee of Seller Subject to Claims and Defenses of Buyer. - With respect to a consumer credit sale, an assignee of...

Section 5-19-9 - Application of Payments When Buyer Indebted to Same Seller for Two or More Consumer Credit Sales. - When the buyer is indebted to a particular seller for...

Section 5-19-10 - Contract Provisions for Attorney's Fees. - A contract for a consumer credit transaction with an original...

Section 5-19-12 - Buyer's Right to Cancel Home Solicitation Sale. - (a) A buyer has the right to cancel a home...

Section 5-19-13 - Repossession or Acceptance of Surrender of Goods Priced at One Thousand Dollars or Less. - If any seller or assignee of the seller repossesses or...

Section 5-19-14 - Rebates or Discounts, etc., as Inducement for Aiding Sale to Another Prohibited. - With respect to a consumer credit sale, the seller may...

Section 5-19-15 - Garnishment. - Prior to entry of judgment on a consumer credit transaction,...

Section 5-19-16 - Refusal by Court to Enforce Unconscionable Agreement. - With respect to a consumer credit transaction, if the court...

Section 5-19-17 - Inducing Obligation on More Than One Contract in Order to Obtain Higher Finance Charge Prohibited; Consolidation of Existing Precomputed Consumer Credit Transaction Contract and Subsequent Precomputed Consumer Credit Transaction. - (a) No creditor shall induce or permit any person or...

Section 5-19-18 - Installment Payment of Debt of One Thousand Dollars or Less. - With respect to consumer credit transactions, where the debt is...

Section 5-19-19 - Liabilities of Creditor Making Excess Finance Charge; Failure to Obtain License; Damages for Deliberate Violation or Reckless Disregard; Written Notice of Violations; Oral Statements Not Admissible; Fiduciary Duty Not Created. - (a)(1)(i) Any creditor charging a finance charge in excess of...

Section 5-19-20 - Insurance. - (a) With respect to any consumer credit transaction, the creditor...

Section 5-19-21 - Administrator Authorized to Make Rules and Regulations; Filing Notice of Intended Action With Legislative Reference Service; Transactions Entered Into After May 20, 1996. - (a) The administrator is authorized and empowered to promulgate rules...

Section 5-19-22 - License to Engage in Business of Making Consumer Loans or Taking Assignments of Consumer Credit Contracts - Required; Exceptions; Application; Investigation; Standards for Issuance; Hearing; Licensing Under Small Loan Act; Fees; Par... - (a) No creditor shall engage in any one or more...

Section 5-19-23 - License to Engage in Business of Making Consumer Loans or Taking Assignments of Consumer Credit Contracts - Revocation or Suspension. - (a) The administrator may issue to a person licensed under...

Section 5-19-24 - Examinations and Investigations of Licensees by Administrator. - (a) For the purpose of determining compliance with this chapter,...

Section 5-19-25 - Cease and Desist Orders by Administrator; Penalties for Violation of This Chapter; Right to Counsel at Hearing; Judicial Review. - After notice and hearing, the administrator may order a licensee...

Section 5-19-26 - Appeals to Circuit Court From Order of Administrator; Appeals From Decision of Circuit Court. - (a) Any interested party or intervener may appeal an order...

Section 5-19-29 - Injunctions. - (a) The administrator may bring an action to restrain a...

Section 5-19-30 - Penalty for Violations. - A creditor who willfully makes charges in excess of those...

Section 5-19-31 - Nonapplicability of Chapter to Certain Transactions; Certain Laws Not Repealed or Amended. - (a) The provisions of this chapter, except the provisions of...

Section 5-19-32 - Service Contracts. - Any creditor who extends credit with respect to a consumer...

Section 5-19-33 - Account Maintenance Fee. - (a) In addition to other lawful charges permitted under various...