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Section 8-8-1 - Maximum rates of interest - Generally.

AL Code § 8-8-1 (2019) (N/A)
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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.

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Section 8-8-1 - Maximum rates of interest - Generally.