Statutes > Alabama Statutes > Title 11 — COUNTIES AND MUNICIPAL CORPORATIONS. > Title 3 — PROVISIONS APPLICABLE TO COUNTIES AND MUNICIPAL CORPORATIONS. > Section 11-101A-18 Exemption from usury laws.

Section 11-101A-18 Exemption from usury laws.

Section 11-101A-18

Exemption from usury laws.

An authority shall be exempt from all laws of the state governing usury or prescribing or limiting interest rates, including, but without limitation to, Chapter 8 (commencing with Section 8-8-1) of Title 8.

(Act 2001-642, p. 1317, §1.)