Ala. Admin. Code r. 155-2-2-.17 – Minimum Loan Term | Midpage
Rule 155-2-2-.17
Ala. Admin. Code r. 155-2-2-.17
Minimum Loan Term
Effective Dec 15, 2025Effective August 1, 2002Banking Department (Not Subject to APA)
(1) The minimum term for repayment in all consumer credit transactions is thirty days for any credit transaction with an original amount financed that is less than two thousand dollars ($2,000).
Author: V. Lynne Windham, Associate Counsel
Statutory Authority: Code of Alabama 1975, Sections 5-19-3 and 5-19-21