| Code of Alabama |
| Match Context and Document information |
| URL: | http://alisondb.legislature.state.al.us/alison/CodeOfAlabama /1975/22-27-63.htm |
|---|---|
| Depth: | 0 singles |
| Size: | 796 bytes |
| Modified: | 2019-08-28 10:26:32 |
| Categories: | -None- |
| Title: | 22-27-63 |
| Description: | -None- |
| Keywords: | -None- |
| Meta data: | -None- |
| Body: | Section 22-27-63 THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER IN THE 2019 REGULAR SESSION, EFFECTIVE SEPTEMBER 1, 2019. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. A lender who fails to provide notice as required by Section 27-22-61 or Section 27-22-62 or to release insurance proceeds as required by Section 27-22-62 shall pay to the insured interest at the rate of 10 percent per year on the proceeds held by the lender. (Act 2019-460, ยง4.) |