This chapter or any part thereof may be modified, amended or repealed so as to effect a cancellation or alteration of any license or right of a licensee hereunder; provided, that such cancellation or alteration shall not impair or affect the obligation of any preexisting lawful contract between any licensee and any borrower.
Alabama Legal Code
Section 5-18-22 - Modification, Amendment or Repeal of Chapter
Source: https://alison.legislature.state.al.us/code-of-alabama?section=5-18-22· Version 2026