Ex Parte Alfa Financial Corporation
Supreme Court of Alabama
1Opinion of the Court
On Application For Rehearing
The opinion of August 21, 1998, is withdrawn, and the following opinion is substituted therefor.
On May 15, 1996, Evan Allen Smith and Ed Smith sued Alfa Financial Corporation to recover, as damages, interest they had paid on a loan that they claimed violated Ala. Code 1975, §5-19-22(a) ("No creditor . . . shall engage in the business of making consumer loans . . . without first having obtained a license for each location in Alabama from the administrator"). On May 20, 1996, Act No. 96-576, Ala. Acts 1996, amending Chapter 19 of Title 5 of the Code, became…
2Cases cited11 opinions
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- Derico v. DuncanSupreme Court of Alabama · 1982
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