Alabama § 5-19-13 Repossession or Acceptance of Surrender of Goods Priced at One Thousand Dollars or Less

Alabama Statutes

§ 5-19-13 — Repossession or Acceptance of Surrender of Goods Priced at One Thousand Dollars or Less

Alabama § 5-19-13

Title 5Banks and Financial Institutions

Ch. 19Consumer Finance

This text of Alabama § 5-19-13 (Repossession or Acceptance of Surrender of Goods Priced at One Thousand Dollars or Less) 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 § 5-19-13 (2026).

Text

If any seller or assignee of the seller repossesses or voluntarily accepts surrender of goods sold in which the seller or assignee has a security interest and the original cash price of the goods repossessed or surrendered was one thousand dollars ($$1,000) or less, the buyer is not personally liable to the seller or assignee for the unpaid balance of the debt arising from the sale and the seller or assignee is not obligated to sell the collateral.

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If any seller or assignee of the seller repossesses or voluntarily accepts surrender of goods sold in which the seller or assignee has a security interest and the original cash price of the goods repossessed or surrendered was one thousand dollars ($$1,000) or less, the buyer is not personally liable to the seller or assignee for the unpaid balance of the debt arising from the sale and the seller or assignee is not obligated to sell the collateral.