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Section 8-8-1.2 Maximum Rates Of Interest - Loans Secured By Savings Accounts.

Section 8-8-1.2

Maximum rates of interest - Loans secured by savings accounts.

Any savings and loan association located within the State of Alabama may charge on loans secured by savings accounts a rate of interest of not more than two percent per annum in excess of the rate of return payable on any such savings account.

(Acts 1979, No. 79-104, p. 126.)

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Local Government
Alabama
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Kay Ivey
Kay Ivey
April 10, 2017 -
Republican
1-334-242-3935
600 Dexter Ave., Montgomery, AL, 36104

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