Ala. Code § 8-8-1: Maximum Rates of Interest - Generally.
Where this section sits in the code
- Title 8 Commercial Law and Consumer Protection.
- Chapter 8 Interest and Usury.
Except as otherwise provided by law, the maximum rate of interest upon the loan or forbearance of money, goods, or things in action, except by written contract is $6 upon $100 for one year, and the rate of interest by written contract is not to exceed $8 upon $100 for one year and at that rate for a greater or less sum or for a longer or shorter time.
Collected 2026-09-03T14:01:52Z. Source file · JSON