The tourism board shall be exempt from all laws of the state governing usury or prescribing or limiting interest rates, including, but not limited to, Chapter 8 of Title 8.
(Act 2014-267, p. 859, §10.)
Terms Used In Alabama Code 45-39-221.09
- board: The board of directors of the tourism board. See Alabama Code 45-39-221
- state: The State of Alabama. See Alabama Code 45-39-221
- TOURISM BOARD: The public corporation organized pursuant to this part. See Alabama Code 45-39-221
- Usury: Charging an illegally high interest rate on a loan. Source: OCC