Alabama Code Title 8. Commercial Law and Consumer Protection § 8-8-1
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Except as otherwise provided by law, the maximum rate of interest upon the loan or forbearance of money, goods, or things in action, except by written contract is $6 upon $100 for one year, and the rate of interest by written contract is not to exceed $8 upon $100 for one year and at that rate for a greater or less sum or for a longer or shorter time.
Cite this article: FindLaw.com - Alabama Code Title 8. Commercial Law and Consumer Protection § 8-8-1 - last updated December 30, 2022 | https://codes.findlaw.com/al/title-8-commercial-law-and-consumer-protection/al-code-sect-8-8-1/
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