Alabama Statutes
§ 5-18-21 — Enforceability of Provisions and Agreements Which Violate Chapter; Liability of Licensee for Actual Damage
Alabama § 5-18-21
This text of Alabama § 5-18-21 (Enforceability of Provisions and Agreements Which Violate Chapter; Liability of Licensee for Actual Damage) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ala. Code § 5-18-21 (2026).
Text
Except where other specific remedies are provided in this chapter for violations, in which event those remedies shall apply, any provision of a loan contract which violates this chapter shall be unenforceable by the licensee to the extent, but only to the extent, of the violation, and the other remaining provisions and agreements shall be enforceable and shall not be void and shall not be affected by the violation. Except as set forth in subsection (l) of Section 5-18-15, any licensee who fails to comply with any requirement imposed under this chapter with respect to any person is liable to the person for the actual damage sustained by the person as the result of the failure.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
(Acts 1959, No. 374, p. 966, §19; Acts 1996, No. 96-757, p. 1331, §1.)
Nearby Sections
15
Cite This Page — Counsel Stack
Bluebook (online)
Alabama § 5-18-21, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/5-18-21.