Maximum Rates of Interest - Loans Secured by Savings Accounts

Ala. Code § 8-8-1.2 — under Title 8.

Ala. Code § 8-8-1.2

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.

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