Short Answer:
Alabama Consumer Credit Act.
Explanation:
The Alabama Consumer Credit Act, Ala. Code §§ 5-19-1 et seq. ("Mini-Code"), governs motor vehicle retail installment sales in Alabama.
The Mini-Code applies to credit transactions.
The Mini-Code defines the term "credit transaction" to mean a loan or credit sale made by a creditor. For purposes only of Ala. Code § 5-19-1(1) (definition of "finance charge") and Ala. Code § 5-19-3 (rate limits for transactions with amounts financed of less than $2,000), "credit transaction" includes non-consumer loans and credit sales as well as consumer loans and consumer credit sales with an original amount financed of less than $2,000. Otherwise, the term "credit transaction" refers only to consumer loans and consumer credit sales irrespective of whether the term is preceded by the word "consumer." Ala. Code § 5-19-1(9).
The Mini-Code defines the term "consumer" (used as an adjective) to mean in which the party to whom credit is extended is a natural person and the money, property, or services which are the subject of the transaction are primarily for personal, family or household purposes. Ala. Code § 5-19-1(2).
The Mini-Code defines the term "credit sale" to mean any sale with respect to which credit is extended or arranged by a seller who is a creditor. The term includes any contract in the form of a bailment or lease if the bailee or lessee contracts to pay as compensation for use a sum substantially equivalent to or in excess of the aggregate value of the property or services involved and it is agreed that the bailee or lessee may become for no other or a nominal consideration the owner of the property upon full compliance with the bailee's or lessee's obligations under the contract. Ala. Code § 5-19-1(4).
The Mini-Code defines the term "creditor" to mean a person who regularly extends or arranges for the extension of credit for which the payment of a finance charge is required, whether in connection with loans, sales of property or services, or otherwise. The provisions of the Mini-Code apply to any such creditor irrespective of the creditor's status as a natural person or any type of organization. A person is a creditor with respect to non-mortgage credit only if the person extended or arranged for the extension of non-mortgage credit more than 25 times in the preceding calendar year. Ala. Code § 5-19-1(3).
Below are the other laws discussed in this database.
Governing Law
Alabama Consumer Credit Act, Ala. Code §§ 5-19-1 et seq. ("Mini-Code")
Licensing
Alabama Consumer Credit Act, Ala. Code §§ 5-19-1 et seq. ("Mini-Code")
Alabama Department of Banking Regulations, Ala. Admin. Code rr. 155-2-2-.01 et seq. ("Mini-Code Regulations")
Record Retention
Small Loan Act, Ala. Code §§ 5-18-1 et seq. ("Small Loan Act")
Alabama Consumer Credit Act, Ala. Code §§ 5-19-1 et seq. ("Mini-Code")
Alabama Department of Banking Regulations, Ala. Admin. Code rr. 155-2-2-.01 et seq. ("Mini-Code Regulations")
Finance Charge Rate
Alabama Consumer Credit Act, Ala. Code §§ 5-19-1 et seq. ("Mini-Code")
Alabama Interest and Usury law, Ala. Code §§ 8-8-1 et seq. ("Interest and Usury Law")
Origination Fees
Alabama Consumer Credit Act, Ala. Code §§ 5-19-1 et seq. ("Mini-Code")
Alabama Interest and Usury law, Ala. Code §§ 8-8-1 et seq. ("Interest and Usury Law")
Deceptive Trade Practices Act, Ala Code §§ 8-19-1 et seq.
Alabama Uniform Certificate of Titles and Anti-Theft Act, Ala. Code §§ 32-8-1 et seq. ("UCTAT")
Referral Incentives and Dealer Participation
Alabama Consumer Credit Act, Ala. Code §§ 5-19-1 et seq. ("Mini-Code")
Motor Vehicle Dealer Law, Ala. Code §§ 40-12-390 et seq. ("Dealer Law")
Servicing Fees
Alabama Consumer Credit Act, Ala. Code §§ 5-19-1 et seq. ("Mini-Code")
Alabama Interest and Usury law, Ala. Code §§ 8-8-1 et seq. ("Interest and Usury Law")
Alabama Department of Banking Regulations, Ala. Admin. Code rr. 155-2-2-.01 et seq. ("Mini-Code Regulations")
Alabama Uniform Certificate of Titles and Anti-Theft Act, Ala. Code §§ 32-8-1 et seq. ("UCTAT")
Default Charges
Alabama Consumer Credit Act, Ala. Code §§ 5-19-1 et seq. ("Mini-Code")
Alabama Interest and Usury law, Ala. Code §§ 8-8-1 et seq. ("Interest and Usury Law")
Rules of Civil Procedure, Ala. Rules Civ. Proc. Rule 1 et seq.
Payment/Term Limitations
Alabama Consumer Credit Act, Ala. Code §§ 5-19-1 et seq. ("Mini-Code")
Alabama Department of Banking Regulations, Ala. Admin. Code rr. 155-2-2-.01 et seq. ("Mini-Code Regulations")
Modifications
Alabama Consumer Credit Act, Ala. Code §§ 5-19-1 et seq. ("Mini-Code")
Alabama Department of Banking Regulations, Ala. Admin. Code rr. 155-2-2-.01 et seq. ("Mini-Code Regulations")
Prepayment
Alabama Consumer Credit Act, Ala. Code §§ 5-19-1 et seq. ("Mini-Code")
Voluntary Protection Products
Automobile Clubs and Associations Chapter, Ala. Code §§ 27-39-1 et seq. ("ACAC")
Service Contracts Chapter, Ala. Code §§ 8-32-1 et seq. ("SCC")
Vehicle Protection Product Act, Ala. Code §§ 8-33-1 et seq. ("VPPA")
Alabama Insurance Code, Ala. Code §§ 27-1-1 et seq. ("Insurance Code")
Alabama Consumer Credit Act, Ala. Code §§ 5-19-1 et seq. ("Mini-Code")
Alabama Interest and Usury law, Ala. Code §§ 8-8-1 et seq. ("Interest and Usury Law")
Optional Credit Insurance Products
Credit Life and Disability Rules, Ala. Admin. Code rr. 482-1-117-.01 et seq. ("CL&D Rules")
Credit Property and Involuntary Unemployment Rules, Ala. Admin. Code rr. 482-1-093-.01 et seq. ("CP&IU Rules")
Property Insurance Products
Alabama Consumer Credit Act, Ala. Code §§ 5-19-1 et seq. ("Mini-Code")
Alabama Department of Banking Regulations, Ala. Admin. Code rr. 155-2-2-.01 et seq. ("Mini-Code Regulations")
GAP/Debt Cancellation
Department of Insurance Limited Line Credit Insurance Regulations, Ala. Admin. Code rr. 482-1-111-.01 et seq. ("LLCI Regs")
Guaranteed Asset Protection Waivers Act, Ala. Code §§ 8-37-1 et seq. ("GAPWA")
Insurance Premium Finance Companies Chapter, Ala. Code §§ 27-40-1 et seq. ("IPFCC")
Alabama Department of Banking Regulations, Ala. Admin. Code rr. 155-2-2-.01 et seq. ("Mini-Code Regulations")
Alabama Credit Life and Disability Insurance Regulation, Ala. Admin. Code r. 482-1-117-.11
Alabama Consumer Credit Act, Ala. Code §§ 5-19-1 et seq. ("Mini-Code")
Alabama Insurance Code, Ala. Code §§ 27-1-1 et seq. ("Insurance Code")
Motor Vehicle Value Protection Agreements Chapter, Ala. Code §§ 8-37A-1 et seq. ("MVVPAC")
Disclosure Requirements
Alabama Telemarketing Act. Ala. Code § 8-19A-1 et seq. ("Telemarketing Act")
Alabama Consumer Credit Act, Ala. Code §§ 5-19-1 et seq. ("Mini-Code")
Titling and Security Interests
Uniform Certificate of Title and Antitheft Act, Ala. Code §§ 32-8-1 et seq. ("Title Act")
Alabama Consumer Credit Act, Ala. Code §§ 5-19-1 et seq. ("Mini-Code")
Alabama Uniform Certificate of Title and Antitheft Act, Ala. Code § 32-8-1 et seq. ("UCTAT")
Alabama Department of Banking Regulations, Ala. Admin. Code rr. 155-2-2-.01 et seq. ("Mini-Code Regulations")
Special Protections
Military Affairs and Civil Defense Title, Ala. Code §§ 31-1-1 et seq. ("MACDT")
Preservation of Rights and Benefits During Military Service Provisions, Ala. Code §§ 31-12-1 et seq. ("PRB Provisions")
Miscellaneous Issues
Alabama Uniform Electronic Transactions Act, Ala. Code §§ 8-1A-1 et seq. ("Alabama UETA")
Alabama Consumer Credit Act, Ala. Code §§ 5-19-1 et seq. ("Mini-Code")
Collection
Remedies - Attachment Article, Ala. Code §§ 6-6-30 et seq. ("Attachment Article")
Limitation of Actions Chapter, Ala. Code §§ 6-2-1 et seq. ("Limitation of Actions Chapter")
Uniform Commercial Code - Sales Article, Ala. Code §§ 7-2-101 et seq. ("Article 2")
Liens of Particular Persons or Classes of Persons - Mechanics, Blacksmiths and Woodworkmen Law, Ala. Code §§ 35-11-110 et seq. "(Mechanic's Lien Law")
Military Affairs and Civil Defense Title, Ala. Code §§ 31-1-1 et seq. ("MACDT")
Preservation of Rights and Benefits During Military Service Provisions, Ala. Code §§ 31-12-1 et seq. ("PRB Provisions")
UCC-Secured Transactions Article, Ala. Code §§ 7-9A-101 et seq. ("Article 9A")
Alabama Consumer Credit Act, Ala. Code §§ 5-19-1 et seq. ("Mini-Code")
Business, Vocation, or Occupation Article of the Taxation and Revenue Code, Ala. Code § 40-12-80 ("BVOA")
Alabama Department of Banking Regulations, Ala. Admin. Code rr. 155-2-2-.01 et seq. ("Mini-Code Regulations")
Forgery and Related Offenses Article of Alabama Criminal Code, Ala. Code § 13A-9-13.1
Offenses Against Privacy Article of Alabama Criminal Code, Ala. Code §§ 13A-11-30 et seq.
Alabama Telemarketing Act, Ala. Code §§ 8-19A-1 et seq. ("Telemarketing Act")
Alabama Telephone Solicitation Provisions, Ala. Code §§ 8-19C-1 et seq.
Alabama Public Service Commission Rules, Ala. Admin. Code r. 770-X-5-.17
UCC-Bank Deposits and Collections Article, Ala. Code § 7-4-401
Mechanic's Lien Provisions, Ala. Code § 35-11-110
Attachments Article of Civil Practice Title, Ala. Code § 6-6-41
Penalties
Alabama Consumer Credit Act, Ala. Code §§ 5-19-1 et seq. ("Mini-Code")
Exempt Transactions
Alabama Consumer Credit Act, Ala. Code §§ 5-19-1 et seq. ("Mini-Code")
Last Revision*:
August 1, 2023 Show Redlined Changes
* The Last Revision date is the last time we made a SUBSTANTIVE revision to the answer. The date DOES NOT represent the last time we reviewed the answer. We review our answers on an ongoing basis.