Alabama § 41-14-55 Loan Rates

Alabama Statutes

§ 41-14-55 — Loan Rates

Alabama § 41-14-55

Title 41State Government

Ch. 14State Funds Generally

Art. 3Linked Deposit Program of 2007

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Bluebook

Ala. Code § 41-14-55 (2026).

Text

(a)The linked deposit fixed rate paid by the eligible lending institution shall be two percent below the two-year constant maturity treasury rate.

(b)The minimum linked deposit rate shall be one percent.

(c)The linked deposit loan rate to the eligible borrower shall be set by the eligible lending institution at a fixed rate not more than four percent greater than the interest rate on the linked deposit as provided in subsection (a).

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(a) The linked deposit fixed rate paid by the eligible lending institution shall be two percent below the two-year constant maturity treasury rate.
(b) The minimum linked deposit rate shall be one percent.
(c) The linked deposit loan rate to the eligible borrower shall be set by the eligible lending institution at a fixed rate not more than four percent greater than the interest rate on the linked deposit as provided in subsection (a).