Alabama Statutes

§ 8-8-2 — Maximum Rates of Interest - Aggregation of Principal and Interest on Loans at Six Percent and Division into Installments

Alabama § 8-8-2

JurisdictionAlabama

Title 8Commercial Law and Consumer Protection

Ch. 8Interest and Usury

This text of Alabama § 8-8-2 (Maximum Rates of Interest - Aggregation of Principal and Interest on Loans at Six Percent and Division into Installments) 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 § 8-8-2 (2026).

Text

It shall be lawful to lend money at six percent per annum or less, to aggregate principal and interest at the date of the loan for the entire period of the loan and to divide the sum of the principal and interest for the entire period of the loan into monthly or other installments.

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Related

Carrier Express, Inc. v. Home Indemnity Co.

860 F. Supp. 1465 (N.D. Alabama, 1994)

7 case citations

Legislative History

(Acts 1927, No. 376, p. 440; Code 1940, T. 9, §61; Acts 1953, No. 450, p. 554.)

Nearby Sections

15

§ 8-1-1

Contracts Restraining Business Void; Exceptions

§ 8-1-100

Consideration for Bidding or Not Bidding at Public Sale Prohibited

§ 8-1-101

Bids on Public Lands Under Agreement to Transfer Same Prohibited

§ 8-1-102

Contracts Violating Sections 8-1-100 and 8-1-101 Void

§ 8-1-103

Selling Improvements on Public Lands by Person Making Same

§ 8-1-120

§ 8-1-121

Certain Contracts for Future Delivery Void; Exceptions

§ 8-1-122

Failure to Furnish Statement on Future Delivery Prima Facie Evidence of Illegal Contract

§ 8-1-123

Failure to Deliver After Deposit of Margins Prima Facie Evidence of Void Contract

§ 8-1-124

Contracts for Future Delivery of Cotton Not Made Subject to Federal Statutes Prima Facie Evidence of Void Contract

§ 8-1-125

Making or Assisting in Making Contract for Future Delivery When Actual Delivery Not Intended - Profit Intended to Be Paid in Money on Day of Delivery

§ 8-1-126

Making or Assisting in Making Contract for Future Delivery When Actual Delivery Not Intended - Price Based on Bona Fide Sales on Exchange or Board of Trade Without Making Execution on Exchange or Board of Trade

§ 8-1-127

Futures Contracts Made in Another State

§ 8-1-128

Establishing Office to Engage in Business of “Futures”

§ 8-1-129

Proof of Establishment of Place to Publish Commodities Information Prima Facie Evidence of Guilt

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Bluebook (online)

Alabama § 8-8-2, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/8-8-2.