Alabama Code 11-81-276. Exemption from usury and interest laws
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Alabama Code 11-81-276
- state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1
- Usury: Charging an illegally high interest rate on a loan. Source: OCC
An authority shall be exempt from all laws of the state now or hereafter governing usury or prescribing or limiting interest rates, including, without limitation, Chapter 8 of Title 8.