Ala. Code § 8-8 et seq. – Interest and Usury | Midpage8-8-1Maximum Rates of Interest - Generally.8-8-1.1Maximum Rates of Interest - Permitted Under State or Federal Law.8-8-1.2Maximum Rates of Interest - Loans Secured by Savings Accounts.8-8-2Maximum Rates of Interest - Aggregation of Principal and Interest on Loans at Six Percent and Division into Installments.8-8-4Maximum Rates of Interest - Loans, Etc., of $100,000 or More to State Board of Education and Trustees of State Educational Institutions.8-8-5Maximum Rates of Interest - Loans, Credit Sales, Etc., of $2,000 or More to Individuals, Corporations, Trusts, Partnerships, or Associations.8-8-6Maximum Rates of Interest - Exemption of Debts Incurred Pursuant to National Housing Act or Veterans’ Benefits.8-8-7Maximum Rates of Interest - Exemption of Bonds, Notes, Etc., of State, Instrumentalities, Localities, Etc.8-8-8Interest Accrues on Breach of Contract.8-8-9Interest on Unauthorized Change Bills and Notes Not Exceeding $1.8-8-10Interest on Money Judgments and Costs.8-8-11Application of Partial Payments to Principal and Interest.8-8-12Enforcement of Usurious Contracts.8-8-13Collection on Notes, Etc., Discounted at Higher Rate of Interest Than Eight Percent.8-8-14Interest Surcharge on Loans or Credit Sales; Refunds; Maximum Interest Rate Indexed to Prime Rate; Maximum Interest Rates for Open-End Credit Plans.8-8-15Bad Check Charge; Deemed Not Finance Charge.