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Current as of December 30, 2022 | Updated by FindLaw Staff
(a) All debts or extensions of credit incurred pursuant to any provision of the act of Congress known as the National Housing Act, as the same now exists or may hereafter be amended or supplemented, and all debts or extensions of credit incurred pursuant to any act of Congress relating to veterans' benefits, as the same now exists or may hereafter be amended or supplemented, are exempt from any law of this state relating to usury or prescribing or limiting interest rates.
(b) The provisions of this section are remedial and supersede the provisions of any other act limiting interest rates in any way contrary to the provisions hereof.
Cite this article: FindLaw.com - Alabama Code Title 8. Commercial Law and Consumer Protection § 8-8-6 - last updated December 30, 2022 | https://codes.findlaw.com/al/title-8-commercial-law-and-consumer-protection/al-code-sect-8-8-6.html
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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