Alabama § 35-12-75 Dormancy Charges

Alabama Statutes

§ 35-12-75 — Dormancy Charges

Alabama § 35-12-75

Title 35Property

Ch. 12Lost or Unclaimed Property

Art. 2AUniform Disposition of Unclaimed Property Act of 2004

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Bluebook

Ala. Code § 35-12-75 (2026).

Text

(a)Any person engaged primarily in the business of selling tangible personal property at retail, by contract with the customer may, charge, and deduct from the property otherwise subject to this article, a reasonable administrative and restocking fee of not more than twenty-five dollars ($25) with respect to items purchased under a layaway or similar agreement the terms of which are not fulfilled by the customer and the items are returned to inventory.

(b)A holder may deduct from property presumed abandoned a charge imposed by reason of the apparent owner’s failure to claim the property within a specified time only if there is a valid and enforceable written contract between the holder and the apparent owner under which the holder may impose the charge and the holder regularly imposes th

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(a) Any person engaged primarily in the business of selling tangible personal property at retail, by contract with the customer may, charge, and deduct from the property otherwise subject to this article, a reasonable administrative and restocking fee of not more than twenty-five dollars ($25) with respect to items purchased under a layaway or similar agreement the terms of which are not fulfilled by the customer and the items are returned to inventory.
(b) A holder may deduct from property presumed abandoned a charge imposed by reason of the apparent owner’s failure to claim the property within a specified time only if there is a valid and enforceable written contract between the holder and the apparent owner under which the holder may impose the charge and the holder regularly imposes the charge. The amount of the deduction is limited to an amount that is not unconscionable.