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§ 5-18a-1 — Alabama Law | CourtGPT
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  4. Title 5 - Banks and Financial Institutions/
  5. Chapter 18a - Deferred Presentment Services Act/
  6. § 5-18a-1
Alabama Legal Code

§ 5-18a-1

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This chapter shall be known and may be cited as the 'Deferred Presentment Services Act.' The purpose of this chapter is to protect consumers who enter into short-term cash advances from abuses that occur in the marketplace. This chapter shall be liberally construed to effectuate its purpose as a consumer protection statute.(Act 2003-359, p. 992, §1.)