Code of Alabama - Title 8: Commercial Law and Consumer Protection - Section 8-8-11 - Application of partial payments to principal and interest

Section 8-8-11 - Application of partial payments to principal and interest.

Except as provided in this section, when partial payments are made, the interest due is first to be paid and the balance applied to the payment of the principal. In the case of a judgment for child or spousal support, or a judgment for medical support of a child or spouse, any partial payment shall be applied first to the principal, and the remaining balance, if any, shall be applied to the interest.

(Code 1852, §1522; Code 1867, §1830; Code 1876, §2091; Code 1886, §1753; Code 1896, §2629; Code 1907, §4622; Code 1923, §8566; Code 1940, T. 9, §64; Acts 1995, No. 95-391, p. 799, §2.)

Last modified: May 3, 2021