This chapter shall be known and may be cited as the “Deferred Presentment Services Act.” The purpose of this chapter is to protect consumers who enter into short-term cash advances from abuses that occur in the marketplace. This chapter shall be liberally construed to effectuate its purpose as a consumer protection statute.
Ala. Code § 5-18A-1
Short Title; Purpose.
Known as the Deferred Presentment Services Act
The act spans §§ 5–5 (22 sections).
Applied in 1 court decision — leading case Hodge v. Money Shop, LLC. (In Re Hodge) (2007)
Most recently applied in Hodge v. Money Shop, LLC. (In Re Hodge) (May 2007)
(Act 2003-359, p. 992, §1.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.