Alabama § 41-14-55 Loan Rates

Alabama Statutes

§ 41-14-55 — Loan Rates

Alabama·Title 41 State Government·Ch. 14 State Funds Generally·Art. 3 Linked Deposit Program of 2007

(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).

Free access — add to your briefcase to read the full text and ask questions with AI

(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).

Alabama § 41-14-55 (Loan Rates) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.