§ 5-20-2 Short title
§ 5-20-3 Definitions
§ 5-20-4 Establishment or acquisition of a credit card bank
§ 5-20-5 Charges, rates, and fees
§ 5-20-6 Application for approval; filing fee
§ 5-20-7 Supervision and enforcement
§ 5-20-8 Applicable law
§ 5-20-9 Severability
§ 5-20-10 Construction with other laws; repeal of conflicting laws

Terms Used In Alabama Code > Title 5 > Chapter 20

  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • court: Unless some other court is specifically designated, such term shall be construed to mean court of probate. See Alabama Code 9-9-2
  • district: Water management district. See Alabama Code 9-9-2
  • Finance charge: The total cost of credit a customer must pay on a consumer loan, including interest. The Truth in Lending Act requires disclosure of the finance charge. Source: OCC
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Grantor: The person who establishes a trust and places property into it.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
  • person: Any individual, partnership, stock company or corporation. See Alabama Code 9-9-2
  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
  • Transcript: A written, word-for-word record of what was said, either in a proceeding such as a trial or during some other conversation, as in a transcript of a hearing or oral deposition.
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
  • viewers: The board of viewers. See Alabama Code 9-9-2