Alabama State AutoTitle Loan Regulation
States that permit car-title lending as of December 2012
State:
Status: Citation: Max Loan: Cost Limits: NSF/Fees: Term Limits: Cost $500: Sale/LeaseBack?: Repo Terms: Right to Cure: Surplus/Deficiency: Prohibited Practices: Title Required: |
Alabama
Permit Ala. Pawnshop Act (Ala. Code § 5-19A-1 et seq. 25%/mon. Month $125/300% APR Prohibited 5-19A-5© 30 days Lender keeps surplus Sell or charge for insurance |