Alabama Code (Last Updated: November 28, 2014) |
Title5 BANKS AND FINANCIAL INSTITUTIONS. |
Chapter18A. Deferred Presentment Services Act. |
§5-18A-1. Short title; purpose.
Latest version.
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This chapter shall be known and may be cited as the "Deferred Presentment Services Act." The purpose of this chapter is to protect consumers who enter into short-term cash advances from abuses that occur in the marketplace. This chapter shall be liberally construed to effectuate its purpose as a consumer protection statute.