Alabama Code (Last Updated: November 28, 2014) |
Title8 COMMERCIAL LAW AND CONSUMER PROTECTION. |
Chapter8. INTEREST AND USURY. |
§8-8-1.2. Maximum rates of interest - Loans secured by savings accounts.
Latest version.
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Any savings and loan association located within the State of Alabama may charge on loans secured by savings accounts a rate of interest of not more than two percent per annum in excess of the rate of return payable on any such savings account.