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:

Georgia

Permit

Pawnbroker Law (Ga. Code §§ 44-12-130 et seq. 



25%/mon. 1st 3, 12.5% after; plus lien fee 

Lien; no more than $5 a day in storage fees 

30 days, may extend 

$125/300% APR 

Prohibited

Repo w/o judicial process, $5/day storage post repo. $50 to $250 repo fee

Yes

Lender keeps surplus 

Not advertise as loan 

Yes