Code of Alabama - Title 5: Banks and Financial Institutions - Section 5-18A-1 - Short title; purpose

Section 5-18A-1 - Short title; purpose.

This chapter shall be known and may be cited as the "Deferred Presentment Services Act." The purpose of this chapter is to protect consumers who enter into short-term cash advances from abuses that occur in the marketplace. This chapter shall be liberally construed to effectuate its purpose as a consumer protection statute.

(Act 2003-359, p. 992, §1.)

Last modified: May 3, 2021