Code of Alabama - Title 8: Commercial Law and Consumer Protection - Section 8-29-5 - Waiver of right to receive interest

Section 8-29-5 - Waiver of right to receive interest.

A party may not waive the right to receive interest before a payment is due under a contract subject to this section. A party may waive the interest due on any late payment on or after the date the payment is due under Section 8-29-3.

(Acts 1995, No. 95-380, p. 775, §5.)

Last modified: May 3, 2021