§ 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

  • 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
  • Donee: The recipient of a gift.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • 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
  • 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
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • person: Any individual, partnership, stock company or corporation. See Alabama Code 9-9-2
  • real property: includes lands, tenements and hereditaments. See Alabama Code 1-1-1
  • 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.