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22-27-64
Section 22-27-64 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) If a lender fails
to provide notice as required by Section 27-22-61 or Section 27-22-62, interest begins to
accrue on the date the lender received the insurance proceeds. (b) If a lender fails to release
insurance proceeds as required by Section 27-22-62, interest begins to accrue on the date
the lender receives sufficient evidence of the insured's compliance with the requirements
specified by the lender under Section 27-22-61 or Section 27-22-62 for release of the proceeds.
(c) Interest stops accruing on the date the lender complies with Section 27-22-61 or Section
27-22-62, as applicable. (Act 2019-460, §5.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-27-64.htm - 1K - Match Info - Similar pages
22-27-63
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, §4.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-27-63.htm - 796 bytes - Match Info - Similar pages
22-27-61
Section 22-27-61 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) If a claim under
an insurance policy for damage to residential real property is paid to the insured and a lender,
and the lender holds all or part of the proceeds from the insurance claim payment pending
completion of all or part of the repairs to the property, the lender shall notify the insured
of each requirement with which the insured must comply for the lender to release the insurance
proceeds. (b) The notice required under this section must be provided no later than 14 days
after the date the lender receives payment of the insurance proceeds. (Act 2019-460, §2.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-27-61.htm - 1K - Match Info - Similar pages
22-27-62
Section 22-27-62 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. Not later than 10
days after the date a lender receives from the insured a request for release of all or part
of the insurance proceeds held by the lender, the lender shall do either of the following:
(1) If the lender has received sufficient evidence of the insured's compliance with the requirements
specified by the lender under Section 27-22-61 for release of the proceeds, the lender shall
release to the insured, as requested, all or part of the proceeds. (2) Provide notice to the
insured that explains specifically both of the following: a. The reason for the lender's refusal
to release the proceeds to the insured. b. Each requirement with which the insured must comply
for the lender to release the proceeds. (Act 2019-460, §3.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-27-62.htm - 1K - Match Info - Similar pages
40-29-22
Section 40-29-22 Lien for taxes - Validity and priority against certain persons. (a) Purchasers,
holders of security interests, mechanic's lienors, and judgment lien creditors. The lien imposed
by Section 40-29-20 shall not be valid as against any purchaser, holder of a security interest,
mechanic's lienor, or judgment lien creditor until notice thereof which meets the requirements
of subsection (f) has been filed by the Commissioner of Revenue or his delegate, and shall
not be perfected as against any purchaser, holder of a security interest, mechanic's lienor,
or judgment lien creditor until the date such notice is filed. (b) Protection for certain
interest even though notice filed. Even though notice of a lien imposed by Section 40-29-20
has been filed, such lien shall not be valid: (1) SECURITIES. With respect to a security (as
defined in subsection (g)(4)): a. As against a purchaser of such security who at the time
of purchase did not have actual notice or knowledge of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-29-22.htm - 17K - Match Info - Similar pages
22-27-60
Section 22-27-60 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. As used in this article,
the following terms shall have the following meanings: (1) LENDER. A person who holds a mortgage,
lien, deed of trust, or other security interest in property. The term includes an assignee,
receiver, or other transferee of the interest. (2) RESIDENTIAL REAL PROPERTY. Any of the following:
a. A single-family house. b. A duplex, triplex, or quadraplex. c. A unit in a multi-unit residential
structure in which title to an individual unit is transferred to the owner of the unit under
a condominium or cooperative system. (Act 2019-460, §1.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-27-60.htm - 1K - Match Info - Similar pages
22-27-65
Section 22-27-65 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. Nothing in this article
shall impact any rights of a lender, whether provided by law or by an agreement with a borrower
or mortgagor. (Act 2019-460, §6.)...
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45-19-237
Section 45-19-237 THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER IN THE 2018 REGULAR SESSION,
EFFECTIVE FEBRUARY 14, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a) For purposes
of this section, the following words have the following meanings: (1) CREDIT CARD. A line
of credit issued by a domestic lender or credit card bank. (2) DEBIT CARD. A card issued by
a bank in relation to a checking or savings account authorized by law to be expended at the
discretion of the Coosa County Sheriff's Office. (b) To provide for convenience in making
purchases of tangible personal property or services approved by the sheriff, the Sheriff of
Coosa County may establish procedures to make certain purchases through use of a credit or
debit card issued to the Coosa County Sheriff's Office. The sheriff shall adopt written policy
and procedures governing the utilization of credit or debit cards which, at a minimum, shall
include each of the following: (1) A monetary limit on the amount of any...
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40-17-381
Section 40-17-381 THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER IN THE 2018 REGULAR SESSION,
EFFECTIVE MAY 1, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a) Notwithstanding any
law or ordinance regarding standardization of local levies, no later than October 31, 2019,
the Department of Revenue shall develop and make available a system which allows any taxpayer
required to timely file and remit a county motor fuel tax calculated on a per gallon basis
or municipal motor fuel license tax calculated on a per gallon basis the capability to file
and remit motor fuel tax returns and payments through an electronic single point of filing
program. The system shall be available for use by any taxpayer for tax periods after September
30, 2019, provided the taxpayer complies with this article and any rules adopted by the department
for the administration of the system. The system shall allow for motor fuel tax return filing
and tax remittance only and may not provide for the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-17-381.htm - 3K - Match Info - Similar pages
32-6-150.01
Section 32-6-150.01 THIS SECTION WAS ASSIGNED BY THE CODE COMMISSIONER IN THE 2015 REGULAR
SESSION, EFFECTIVE JANUARY 1, 2016. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. (a) Any distinctive
license plate issued under this chapter 6 may be personalized with the exception of the following:
(1) Firefighter, professional firefighter, or retired professional firefighter plates. (2)
Rescue squad plates. (3) Veterans plates, unless otherwise authorized by law. (4) Military
plates, unless otherwise authorized by law. (5) Special access or disability access plates.
(6) Twenty day temporary tags. (7) Alabama State Defense Force plates. (8) Amateur Radio Operator
plates issued pursuant to Sections 32-6-70 and 32-6-90. (9) Alabama apportioned plates. (b)
Notwithstanding any other provision of law, an additional annual fee of fifty dollars ($50)
shall be assessed for any personalized or distinctive license plate issued under this chapter,
except for a Helping Schools plate which shall be subject...
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