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Alabama · Through Act 2026-611

Ala. Code § 5-19-13: Repossession or Acceptance of Surrender of Goods Priced at One Thousand Dollars or Less.

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Where this section sits in the code
  1. Title 5 Banks and Financial Institutions.
  2. Chapter 19 Consumer Finance.

If any seller or assignee of the seller repossesses or voluntarily accepts surrender of goods sold in which the seller or assignee has a security interest and the original cash price of the goods repossessed or surrendered was one thousand dollars ($$1,000) or less, the buyer is not personally liable to the seller or assignee for the unpaid balance of the debt arising from the sale and the seller or assignee is not obligated to sell the collateral.

Collected 2026-09-03T14:01:52Z. Source file · JSON

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