Ala. Code § 8-8-1.2

Current with legislation from 2024 effective through April 25, 2024.

Section 8-8-1.2 - Maximum rates of interest - Loans secured by savings accounts

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.

Ala. Code § 8-8-1.2 (1975)

Acts 1979, No. 79-104, p. 126.