An authority shall be exempt from all laws of the state governing usury or prescribing or limiting interest rates, including, but without limitation to, the provisions of Chapter 8 of Title 8.
Ala. Code § 22-21-328
Exemption from Usury and Interest Laws.
Known as the The Health Care Authorities Act
The act spans §§ 22-21-310 to 22-21-344 (35 sections).
(Acts 1982, No. 82-418, p. 629, §19.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.