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Deferred Presentment Services Agreement - Alabama
Deferred Presentment Services Agreement is a legal document that was released by the Alabama State Banking Department - a government authority operating within Alabama.
FAQ
Q: What is a Deferred Presentment Services Agreement?A: A Deferred Presentment Services Agreement is a legal contract between a borrower and a lender, allowing the borrower to receive cash upfront with an agreement to repay it on their next payday.
Q: Is a Deferred Presentment Services Agreement legal in Alabama?A: Yes, Deferred Presentment Services Agreements are legal in Alabama.
Q: How much can I borrow through a Deferred Presentment Services Agreement in Alabama?A: In Alabama, the maximum amount you can borrow through a Deferred Presentment Services Agreement is $500.
Q: What are the fees associated with a Deferred Presentment Services Agreement in Alabama?A: The fees associated with a Deferred Presentment Services Agreement in Alabama are capped at 17.5% of the total loan amount.
Q: What is the repayment period for a Deferred Presentment Services Agreement in Alabama?A: In Alabama, the repayment period for a Deferred Presentment Services Agreement is between 10 to 31 days.
Form Details:
- The latest edition currently provided by the Alabama State Banking Department;
- Ready to use and print;
- Easy to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a printable version of the form by clicking the link below or browse more documents and templates provided by the Alabama State Banking Department.
