Alabama State AutoTitle Loan Regulation

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:

Delaware

Permit

Del. Code Tit. 5 §§ 2250 et seq. 



No Cap



Up to 180 days, including roll-overs 

No cap 



UCC, surrender

Offer plan, pay 10% prin. Per month 

Borrower gets surplus. No deficiency balance. 

FDCPA violation, threat of criminal action, advertise teaser rate 

Yes

States that permit car-title lending as of December 2012