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