Code of Alabama - Title 45: Local Laws - Section 45-8A-20.15 - Exemption from usury and interest laws
Section 45-8A-20.15 - Exemption from usury and interest laws.
The authority shall be exempt from the laws of the State of Alabama governing usury or prescribing or limiting interest rates, including, but without limitation to, the provisions of Chapter 8 of Title 8.