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5-19A-7
Section 5-19A-7 Pawnshop charge; amounts in excess of pawnshop charge. (a) A pawnbroker
may contract for and receive a pawnshop charge in lieu of interest or other charges for all
services, expenses, costs, and losses of every nature but not to exceed 25 percent of the
principal amount, per month, advanced in the pawn transaction. (b) Any interest, charge, or
fees contracted for or received, directly or indirectly, in excess of the amount permitted
under subsection (a) shall be uncollectible and the pawn transaction shall be void. The pawnshop
charge allowed under subsection (a) shall be deemed earned, due, and owing as of the date
of the pawn transaction and a like sum shall be deemed earned, due, and owing on the same
day of the succeeding month. (Acts 1992, No. 92-597, p. 1227, ยง7.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-19A-7.htm - 1K - Match Info - Similar pages
5-19-3
Section 5-19-3 Maximum finance charges; contracting for minimum finance charge; alternate
per month computed finance charge. (a) Except under open-end credit plans, the maximum finance
charge for any credit transaction where the original amount financed is less than two thousand
dollars ($2,000), may equal but may not exceed the total of the following: (1) Fifteen dollars
($15) per one hundred dollars ($100) per year for the first seven hundred fifty dollars ($750)
of the original amount financed; and (2) Ten dollars ($10) per one hundred dollars ($100)
per year for that portion of the original amount financed exceeding seven hundred fifty dollars
($750) and less than two thousand dollars ($2,000). The maximum finance charge under this
subsection shall be determined by computing the maximum rates authorized by this subsection
on the original amount financed for the full term of the contract without regard to scheduled
payments and the maximum finance charge so determined, or any lesser...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-19-3.htm - 4K - Match Info - Similar pages
41-1-60
Section 41-1-60 Acceptance of credit card payment. (a) Notwithstanding any other provision
of law to the contrary, any officer or unit of state government required or authorized to
receive or collect any payments to state government may accept a credit card payment of the
amount that is due. This section shall only apply to departments, agencies, boards,
bureaus, commissions, and authorities which are units of state government, and shall not apply
to any departments, agencies, boards, bureaus, commissions, or authorities which are units
of county or municipal government and come under the provisions of Chapter 103 of Title 11.
(b) 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 state government. (2) All officers, officials, employees, and agents of the
state and units of state government. (c) This section shall be broadly construed to
authorize...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-1-60.htm - 5K - Match Info - Similar pages
5-18-15
Section 5-18-15 Interest rates, charges, and fees. (a) Maximum rates of interest and
charge. Every licensee under this chapter may contract for and receive as interest on any
loan of money less than one thousand five hundred dollars ($1,500) an amount at a rate not
exceeding three percent a month on that part of the unpaid principal balance not in excess
of two hundred dollars ($200), and two percent a month on that part of the unpaid principal
balance in excess of two hundred dollars ($200) but less than one thousand five hundred dollars
($1,500). (b) Account maintenance fee. In addition to the maximum rate of interest and charges
pursuant to subsection (a), a licensee may enter into a contract of loan under this chapter
in which the borrower agrees to pay an account maintenance fee of not more than three dollars
($3) for each month of the scheduled period of repayment of the loan provided that the scheduled
monthly payments are equal to or greater than thirty dollars ($30). Such...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-18-15.htm - 13K - Match Info - Similar pages
5-19-20
Section 5-19-20 Insurance. (a) With respect to any consumer credit transaction, the
creditor shall not require any insurance other than insurance against loss of or damage to
any property in which the creditor is given a security interest and insurance insuring the
lien of the creditor on the property which is collateral for the transaction. (b) (1) Credit
life and disability and involuntary unemployment insurance may be offered and, if accepted,
may be provided by the creditor. The charge to the debtor for the insurance shall not exceed
the premium permitted for the coverages. Insurance with respect to any credit transaction
shall not exceed the approximate amount and term of the credit. (2) This subdivision (2) applies
to all consumer credit transactions entered into on or after June 19, 1996. If the consumer
credit transaction is scheduled to be repaid in substantially equal installments which include
a portion of the amount financed, the amount of credit life insurance at any time...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-19-20.htm - 5K - Match Info - Similar pages
11-98-5.2
Section 11-98-5.2 911 Fund. (a) Effective October 1, 2013, the 911 Fund shall be created
as an insured interest-bearing account into which the 911 Board shall deposit all revenues
derived from the service charge levied on voice communications service providers under this
chapter and all prepaid wireless 911 charges received from the department. The revenues deposited
into the 911 Fund shall not be monies or property of the state and shall not be subject to
appropriation by the Legislature. The 911 Board shall administer the fund and shall credit
the 911 Fund all revenues received. The fund and revenues generated by the fund may only be
used as provided in this chapter. (b) Effective October 1, 2013, there shall first be deducted,
no more than one time during each calendar month, from the total amount of the statewide 911
charges paid over to the 911 Board during such month, a sum not to exceed one percent of the
total amount, to be applied by the 911 Board exclusively for payment of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-98-5.2.htm - 11K - Match Info - Similar pages
27-31A-3.1
Section 27-31A-3.1 Risk retention groups to comply with governance standards. (a) By
January 1, 2016, existing risk retention groups shall be in compliance with the governance
standards set forth in this section. New risk retention groups shall be in compliance
with these standards at the time of licensure. (b) The board of directors or board, as used
in this section, means the governing body of the risk retention group elected by the
shareholders or members to establish policy, elect or appoint officers and committees, and
make other governing decisions. Director, as used in this section, means a natural
person designated in the articles of the risk retention group, or designated, elected, or
appointed by any other manner, name, or title to act as a member of the board of directors.
(c)(1) The board of directors of the risk retention group shall have a majority of independent
directors. If the risk retention group is a reciprocal, then the attorney-in-fact would be
required to adhere...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-31A-3.1.htm - 10K - 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
27-1-17
Section 27-1-17 Limitation periods for payment of claims; overdue claims; retroactive
denials, adjustments, etc.; penalties. (a) Each insurer, health service corporation, and health
benefit plan that issues or renews any policy of accident or health insurance providing benefits
for medical or hospital expenses for its insured persons shall pay for services rendered by
Alabama health care providers within 45 calendar days upon receipt of a clean written claim
or 30 calendar days upon receipt of a clean electronic claim. If the insurer, health service
corporation, or health benefit plan is denying or pending the claim, the insurer, health service
corporation, or health benefit plan shall, within 45 calendar days for a written claim and
30 calendar days for an electronic claim, notify the health care provider or certificate holder
of the reason for denying or pending the claim and what, if any, additional information is
required to process the claim. Any undisputed portion of the claim...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-1-17.htm - 17K - Match Info - Similar pages
37-11A-1
Section 37-11A-1 Execution and text of compact. The Governor, on behalf of this state,
shall execute a compact, in substantially the following form, with the State of Mississippi,
and the Legislature approves and ratifies the compact in the form substantially as follows:
Northeast Mississippi - Northwest Alabama Railroad Authority Compact. The contracting states
solemnly agree: Article I. The purpose of this compact is to promote and develop trade, commerce,
industry, and employment opportunities for the public good and welfare in northeast Mississippi
and northwest Alabama through the establishment of a joint interstate authority to acquire
certain railroad properties and facilities which the operator thereof has notified the Interstate
Commerce Commission of an intention to abandon and which are located in any of Franklin, Marion,
or Winston Counties, Alabama or in Alcorn or Tishomingo Counties, Mississippi. Article II.
This compact shall become effective immediately as to the State...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-11A-1.htm - 33K - Match Info - Similar pages
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