{"data":{"id":"us-al/ala.-code-8-8-13","jurisdiction":"us-al","citation":"Ala. Code § 8-8-13","heading":"Collection on Notes, Etc., Discounted at Higher Rate of Interest Than Eight Percent.","body":"Except when otherwise permitted by law, any banker who discounts any note, bill of exchange, or draft at a higher rate of interest than eight percent per annum, not including the difference of exchange, cannot enforce the collection of the same, except as to principal; and if any interest has been paid, the same must be deducted from the principal and judgment entered for the balance only.","path":["Title 8 Commercial Law and Consumer Protection.","Chapter 8 Interest and Usury."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=8-8-13","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:52Z","sha256":"cd008ee49d724e90b486fc6f49adace9986f05e46a5cf3b3d2a49a48b129bf1b","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-8-8-12","next":"us-al/ala.-code-8-8-14"},"notice":"GroundRules: Original legal text. Not legal advice."}