Alabama § 8-8-6 Maximum Rates of Interest - Exemption of Debts Incurred Pursuant to National Housing Act or Veterans’ Benefits

Alabama Statutes

§ 8-8-6 — Maximum Rates of Interest - Exemption of Debts Incurred Pursuant to National Housing Act or Veterans’ Benefits

Alabama § 8-8-6

Title 8Commercial Law and Consumer Protection

Ch. 8Interest and Usury

This text of Alabama § 8-8-6 (Maximum Rates of Interest - Exemption of Debts Incurred Pursuant to National Housing Act or Veterans’ Benefits) 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 § 8-8-6 (2026).

Text

(a)All debts or extensions of credit incurred pursuant to any provision of the act of Congress known as the National Housing Act, as the same now exists or may hereafter be amended or supplemented, and all debts or extensions of credit incurred pursuant to any act of Congress relating to veterans’ benefits, as the same now exists or may hereafter be amended or supplemented, are exempt from any law of this state relating to usury or prescribing or limiting interest rates.

(b)The provisions of this section are remedial and supersede the provisions of any other act limiting interest rates in any way contrary to the provisions hereof.

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(a) All debts or extensions of credit incurred pursuant to any provision of the act of Congress known as the National Housing Act, as the same now exists or may hereafter be amended or supplemented, and all debts or extensions of credit incurred pursuant to any act of Congress relating to veterans’ benefits, as the same now exists or may hereafter be amended or supplemented, are exempt from any law of this state relating to usury or prescribing or limiting interest rates.
(b) The provisions of this section are remedial and supersede the provisions of any other act limiting interest rates in any way contrary to the provisions hereof.