Exemption from State Laws Governing Usury or Prescribing or Limiting

Ala. Code § 11-47-229 — under Title 11.

Ala. Code § 11-47-229

Interest Rates.

Each authority shall be exempt from the laws of the state governing usury or prescribing or limiting interest rates, including, without limitation, the provisions of Chapter 8 of Title 8.

History: (Acts 1996, No. 96-320, p. 361, §11.)