{"data":{"id":"us-al/ala.-code-5-18-15.1","jurisdiction":"us-al","citation":"Ala. Code § 5-18-15.1","heading":"Additional Late Payment Charge.","body":"Notwithstanding the provisions of subsection (e) of Section 5-18-15, for contracts entered into after June 7, 2007, the additional late charge a licensee licensed under this chapter, the Alabama Small Loan Act, may charge when a scheduled payment is in default or delinquent for 10 or more days, is hereby increased from a charge not to exceed the greater of ten dollars ($10) or five percent of the scheduled payment in default to a charge not to exceed the greater of eighteen dollars ($18) or five percent of the scheduled payment in default.","path":["Title 5 Banks and Financial Institutions.","Chapter 18 Small Loans."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=5-18-15.1","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:52Z","sha256":"16c1d11f7bbbf16b98f4d292e46c1fa232dfcc18d3b3d8abbe352413b443fb7d","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-5-18-15","next":"us-al/ala.-code-5-18-16"},"notice":"GroundRules: Original legal text. Not legal advice."}