My Counselor > Auto Indirect > Q & A Drilldown

Auto Indirect

Auto Indirect

Q & A Drilldown

Alabama
Modifications
Fees Lowering > Does state law limit the parties' ability to lower the amount of any fees contracted for in the original agreement?

Short Answer:

No.

Explanation:

The Alabama Consumer Credit Act, Ala. Code ยงยง 5-19-1 et seq. ("Mini-Code"), does not limit the parties' ability to lower contracted fees.

Last Revision*:

September 2, 2020   Show Redlined Changes

Feedback:
Send us your comment or question for this answer
Top

* 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.