§ 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

  • Appellate: About appeals; an appellate court has the power to review the judgement of another lower court or tribunal.
  • Conviction: A judgement of guilt against a criminal defendant.
  • 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
  • Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.