What is the statute of limitations on a payday loan in alabama?

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Kattie Lakin asked a question: What is the statute of limitations on a payday loan in alabama?
Asked By: Kattie Lakin
Date created: Sat, Mar 27, 2021 12:33 PM
Date updated: Sat, Jun 25, 2022 6:13 AM

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Top best answers to the question «What is the statute of limitations on a payday loan in alabama»

The statute of limitations for civil charges is six years from the due date on the loan. Alabama payday lenders may sue for the amount of the loan, court costs and attorney's fees. Attorney fees can't exceed 15 percent of the amount due at the end of the loan period.

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