Exemption from Usury and Interest Laws

Ala. Code § 45-27A-31.15, under Economic and Industrial Development.

Ala. Code § 45-27A-31.15

The 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, the provisions of Chapter 8 of Title 8, as it may at any time be amended. (Act 82-740, p. 196, §16.)