Statutes > Alabama Statutes > Title 8 — COMMERCIAL LAW AND CONSUMER PROTECTION. > Chapter 8 — INTEREST AND USURY. > 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.

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.)