Any savings and loan association located within the State of Alabama may charge on loans secured by savings accounts a rate of interest of not more than two percent per annum in excess of the rate of return payable on any such savings account.
Ala. Code § 8-8-1.2
Maximum Rates of Interest - Loans Secured by Savings Accounts.
(Acts 1979, No. 79-104, p. 126.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.