Exemption from Usury Laws

Ala. Code § 11-92C-16, under Local Redevelopment Authorities.

Ala. Code § 11-92C-16

An authority shall be exempt from the laws of the State of Alabama governing usury or prescribing or limiting interest rates, including, but without limitation to, Chapter 8 of Title 8 as it may at any time be amended. (Act 2020-72, §16.)