Code of Alabama
Title 8 - Commercial Law and Consumer Protection.
Chapter 8 - Interest and Usury.

Section 8-8-1 - Maximum Rates of Interest - Generally. - Except as otherwise provided by law, the maximum rate of...

Section 8-8-1.1 - Maximum Rates of Interest - Permitted Under State or Federal Law. - (a) Individuals, partnerships, banks, corporations, and other legal entities may,...

Section 8-8-1.2 - Maximum Rates of Interest - Loans Secured by Savings Accounts. - Any savings and loan association located within the State of...

Section 8-8-2 - Maximum Rates of Interest - Aggregation of Principal and Interest on Loans at Six Percent and Division Into Installments. - It shall be lawful to lend money at six percent...

Section 8-8-4 - Maximum Rates of Interest - Loans, etc., of $100,000 or More to State Board of Education and Trustees of State Educational Institutions. - (a) The State Board of Education and the trustees of...

Section 8-8-5 - Maximum Rates of Interest - Loans, Credit Sales, etc., of $2,000 or More to Individuals, Corporations, Trusts, Partnerships, or Associations. - (a) Any person or persons, corporations, trust, general partnership or...

Section 8-8-6 - Maximum Rates of Interest - Exemption of Debts Incurred Pursuant to National Housing Act or Veterans' Benefits. - (a) All debts or extensions of credit incurred pursuant to...

Section 8-8-7 - Maximum Rates of Interest - Exemption of Bonds, Notes, etc., of State, Instrumentalities, Localities, Etc. - Any bonds, notes, warrants, other evidences of indebtedness, or securities...

Section 8-8-8 - Interest Accrues on Breach of Contract. - All contracts, express or implied, for the payment of money,...

Section 8-8-9 - Interest on Unauthorized Change Bills and Notes Not Exceeding $1. - All change bills and notes for a sum not exceeding...

Section 8-8-10 - Interest on Money Judgments and Costs. - (a) Judgments for the payment of money, other than costs,...

Section 8-8-11 - Application of Partial Payments to Principal and Interest. - Except as provided in this section, when partial payments are...

Section 8-8-12 - Enforcement of Usurious Contracts. - (a) Except as otherwise permitted by law, all contracts for...

Section 8-8-13 - Collection on Notes, etc., Discounted at Higher Rate of Interest Than Eight Percent. - Except when otherwise permitted by law, any banker who discounts...

Section 8-8-14 - Interest Surcharge on Loans or Credit Sales; Refunds; Maximum Interest Rate Indexed to Prime Rate; Maximum Interest Rates for Open-End Credit Plans. - (a) In addition to other lawful charges under various state...

Section 8-8-15 - Bad Check Charge; Deemed Not Finance Charge. - (a) Any lender of money, extender of other credit, or...