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In The State Of Alabama What Is The Highest Credit Card …
While companies can impose extra credit card charges, the amount should not exceed the state-mandated limits — which vary per industry. Alabama also has laws on late payments. The Consumer Credit Act states that penalties cannot exceed $10 or 5% of the loaned amount. Surcharging and Discounting Rates To Offset Payment Processing Fees in Alabama
Alabama Interest Rates Laws – Findlaw
20/06/2016 · This varies by state. Alabama’s interest rate laws are outlined in the table below. The legal maximum interest rate, if agreed upon in writing, is 8% per year, otherwise the maximum rate is 6% per year. If the interest charged exceeds the amount legally permitted by Alabama law, it’s usurious.
Alabama Interest Rate Laws – Loans and Lending
08/08/2012 · Alabama governs interest rates in the state under Title 8 (Commercial Law and Consumer Protection), Chapter 8 (Interest and Usury) of the Alabama Code. Section 8-8-1 prescribes the maximum rate of interest upon a loan or forbearance of money, goods, or things in action as $6 upon $100 for one year.
What transactions are subject to the sales tax in Alabama?
The state of Alabama does not usually collect sales taxes on the vast majority of services performed. An example of taxed services would be one which manufactures or creates a product. This means that a freelance accountant would not be required to collect sales tax, while a someone working in the creation of clothing may be required to collect sales tax.
A Guide to Alabama Small Claims Courts
4 Updated 08/19/2015 Definitions Appeal ‐ New hearing of all of the claims by a different judge of a higher court. Defendant ‐ The person or business against whom a claim is filed. Defendant’s Answer ‐ The legal paper filed by the defendant admitting or denying all or part of the plaintiff’s claim. Defendant’s Counterclaim – The legalerpap filed by the defendant telling the Court and …