§11-54A-16. Exemption from usury and interest laws.  


Latest version.
  • The authority shall be exempt from the laws of the State of Alabama governing usury or prescribing or limiting interest rates, including, but without limitation to, the provisions of Chapter 8 of Title 8, as it may at any time be amended.

(Acts 1985, No. 85-683, p. 1080, §16.)