|
8-35-2
Section 8-35-2 Security freeze on credit report. (a) A consumer may place a security freeze
on the consumer's credit report by making a request in writing by certified mail to a consumer
credit reporting agency. No later than August 31, 2012, a consumer credit reporting agency
shall make available to consumers an Internet based method of requesting a security freeze
and a toll-free telephone number for consumers to use to place a security freeze, temporarily
lift a security freeze, or completely remove a security freeze. A security freeze shall prohibit,
subject to exceptions in subsection (m), the consumer credit reporting agency from releasing
the consumer's credit report or credit score without the prior express authorization of the
consumer as provided in subsection (d) or (e). Nothing in this subsection shall prevent a
consumer credit reporting agency from advising a third party that a security freeze is in
effect with respect to the consumer's credit report. (b) A consumer credit...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-35-2.htm - 12K - Match Info - Similar pages
5-19-9
Section 5-19-9 Application of payments when buyer indebted to same seller for two or more consumer
credit sales. When the buyer is indebted to a particular seller for two or more consumer credit
sales of goods and the goods which were the subject of two or more sales secure the buyer's
total debt to the seller, the security shall be discharged by applying the buyer's payments
as they are received by the seller or the seller's assignee to the portions of the debt in
the order in which they were incurred. To the extent that debts are paid according to the
preceding sentence, security interests in items of property terminate as the debt originally
incurred with respect to each item is paid. Payments received by the seller upon a revolving
charge account are deemed, for the purpose of determining the amount of the debt secured by
the various security interests, to have been applied first to the payment of finance charges
in the order of their entry to the account and then to the payment of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-19-9.htm - 1K - Match Info - Similar pages
27-40-10
Section 27-40-10 Delinquency and cancellation charges. A premium finance agreement may provide
for the payment by the insured of the delinquency charge of $1.50 to a maximum of five percent
of the delinquent installment which is in default for a period of five days or more. If the
default results in the cancellation of any insurance contract listed in the agreement, the
agreement may provide for the payment by the insured of a cancellation charge of $5.00 in
the case of a consumer insurance premium finance agreement and $15.00 in the case of a commercial
insurance premium finance agreement. (Acts 1975, No. 1042, p. 2088, §10; Acts 1986, No. 86-400,
p. 586, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-40-10.htm - 981 bytes - Match Info - Similar pages
7-9A-102
Section 7-9A-102 Definitions and index of definitions. (a) Article 9A definitions. In this
article: (1) "Accession" means goods that are physically united with other goods
in such a manner that the identity of the original goods is not lost. (2) "Account,"
except as used in "account for," means a right to payment of a monetary obligation,
whether or not earned by performance, (i) for property that has been or is to be sold, leased,
licensed, assigned, or otherwise disposed of, (ii) for services rendered or to be rendered,
(iii) for a policy of insurance issued or to be issued, (iv) for a secondary obligation incurred
or to be incurred, (v) for energy provided or to be provided, (vi) for the use or hire of
a vessel under a charter or other contract, (vii) arising out of the use of a credit or charge
card or information contained on or for use with the card, or (viii) as winnings in a lottery
or other game of chance operated or sponsored by a State, governmental unit of a State, or...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/7-9A-102.htm - 29K - Match Info - Similar pages
8-8-1.1
Section 8-8-1.1 Maximum rates of interest - Permitted under state or federal law. (a) Individuals,
partnerships, banks, corporations, and other legal entities may, on any loans or extensions
of credit made by them, charge or impose the same rate of interest or finance charge to the
same extent and under the same circumstances and conditions as any federal or state chartered
or licensed lending institution having its principal place of business in Alabama; provided,
however, that any individual or partnership charging or imposing interest or finance charges
in excess of that permitted such lending institutions under other applicable law shall be
subject to the same penalties prescribed in such other applicable law or laws for such excessive
interest or finance charges. (b) The provisions of this section are cumulative and nothing
herein contained shall diminish rights or powers otherwise existing. The provisions of this
section, as amended, shall have retroactive effect to May 14, 1979,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-8-1.1.htm - 1K - Match Info - Similar pages
8-8-14
Section 8-8-14 Interest surcharge on loans or credit sales; refunds; maximum interest rate
indexed to prime rate; maximum interest rates for open-end credit plans. (a) In addition to
other lawful charges under various state laws, and notwithstanding any restrictions thereunder,
a legal licensed lending institution, a vendor making credit sales, any financial institution
operating in Alabama or any individual may, if provided in the contract, charge and collect
at the time of making a loan or credit sale, on each contract of loan or credit sale, an interest
surcharge of not more than six percent of the part of the amount financed, which is not in
excess of two thousand dollars ($2000). In addition to any rebate to which the debtor is otherwise
entitled, when any contract upon which an interest surcharge has been charged is prepaid in
full by any means within 90 days of date of the contract, the creditor shall refund or credit
the debtor with a pro rata portion of the interest surcharge,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-8-14.htm - 2K - Match Info - Similar pages
41-4-110
Section 41-4-110 Established; duties; contracts for stationery, printing, paper, and fuel;
use of approved credit cards for certain purchases; State Procurement Fund. (a) There shall
be in the Department of Finance the Division of Purchasing. The functions and duties of the
Division of Purchasing shall be as follows: (1) To purchase all personal property and nonprofessional
services, except alcoholic beverages, which shall be purchased by the Alcoholic Beverage Control
Board and except as otherwise provided by law, for the state and each department, board, bureau,
commission, agency, office, and institution thereof, except as provided in subsection (e).
(2) To make and supervise the execution of all contracts and leases for the use or acquisition
of any personal property and nonprofessional services unless otherwise provided by law. (3)
To fix standards of quality and quantity and to develop standard specifications for all personal
property and nonprofessional services acquired by the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-4-110.htm - 9K - Match Info - Similar pages
8-35-3
Section 8-35-3 Notice of rights. At any time that a consumer is required to receive a summary
of rights required by 15 U.S.C. §1681g(d) of the federal Fair Credit Reporting Act, the consumer
shall also be provided with the following notice: "Alabama Consumers Have the Right to
Obtain a Security Freeze. You have a right to place a security freeze on your credit report,
which will prohibit a consumer reporting agency from releasing information in your credit
report without your express authorization. A security freeze must be requested in writing
by certified mail or by electronic means as provided by a consumer reporting agency. The security
freeze is designed to prevent credit, loans, and services from being approved in your name
without your consent. If you are actively seeking a new credit, loan, utility, telephone,
or insurance account, you should understand that the procedures involved in lifting a security
freeze may slow your applications for credit. You should plan ahead and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-35-3.htm - 2K - Match Info - Similar pages
11-47-25
Section 11-47-25 Acceptance of credit card payments in Class 1 municipalities. (a) This section
shall apply only in a Class 1 municipality. (b) Notwithstanding any other provision of law
to the contrary, any office or unit of a Class 1 municipality government required or authorized
to receive or collect any payments to the municipality or to state or local government may,
upon approval of the mayor, accept a credit card payment of the amount. (c) This section shall
be broadly construed to authorize acceptance of credit card payments by: (1) All departments,
agencies, boards, bureaus, commissions, authorities, and other units of the municipality.
(2) All officers, officials, employees, and agents of the municipal units of the municipality.
(d) This section shall be broadly construed to authorize acceptance of credit card payments
of all types of amounts payable to or collected by the municipality, including, but not limited
to, taxes, license and registration fees, fines, and penalties....
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-47-25.htm - 4K - Match Info - Similar pages
8-37-2
Section 8-37-2 (Effective January 1, 2018) Definitions. For the purposes of this chapter, the
following words have the following meanings: (1) ADMINISTRATOR. A person, other than an insurer
or creditor, that performs administrative or operational functions pursuant to guaranteed
asset protection waiver programs. (2) BORROWER. A debtor, retail buyer or lessee, under a
finance agreement. (3) CREDITOR means any of the following: a. The lender in a loan or credit
transaction. b. The lessor in a lease transaction. c. Any retail seller of motor vehicles
in a retail installment transaction. d. The seller in commercial retail installment transactions.
e. The assignees of any of the foregoing to whom the credit or lease obligation is payable.
(4) FINANCE AGREEMENT. A loan, lease, or retail installment sales contract for the purchase
or lease of a motor vehicle. (5) FREE LOOK PERIOD. The period of time from the effective date
of the GAP waiver until the date the borrower may cancel the GAP...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-37-2.htm - 2K - Match Info - Similar pages
|