Maximum Rates of Interest - Loans Secured by Savings Accounts.

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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.)


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