|
5-19-1
this chapter and the meaning and application of "finance charge" under the above-referenced
Federal Truth-in-Lending Act, regulations and Official Staff Commentary, as the same may be
amended from time to time. (2) CONSUMER.When used as an adjective with reference to a credit
transaction, characterizes the credit transaction as one in which the party to whom credit
is extended is a natural person and the money, property, or services which are the subject
of the transaction are primarily for personal, family or household purposes. (3) CREDITOR.
A person who regularly extends or arranges for the extension of credit for which the payment
of a finance charge is required, whether in connection with loans, sales of property or services,
or otherwise. The provisions of this chapter apply to any such creditor irrespective of the
creditor's status as a natural person or any type of organization. A person is a creditor
only if the person extended or arranged for the extension of credit more than...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-19-1.htm - 5K - Match Info - Similar pages
8-37-3
Section 8-37-3 (Effective January 1, 2018) GAP waivers authorized; charges; insurance; creditor
requirements. (a) GAP waivers may be offered, sold, or provided to borrowers in this state
under this chapter. (b) GAP waivers, at the option of the creditor that offers the GAP waiver,
may be sold for a single payment or may be offered with a monthly or periodic payment option.
(c) Notwithstanding any other provision of law and subject to Section 8-37-7, any cost to
the borrower for a GAP waiver entered into in compliance with The Truth in Lending Act, 15
U.S.C. §1601 et seq., and its implementing regulations, as they may be amended from time
to time, shall be separately stated and is not to be considered a finance charge or interest.
If the charge for a GAP waiver is financed, the charge shall be separately itemized on the
finance agreement. (d) A retail seller shall insure its GAP waiver obligations under a contractual
liability or other insurance policy issued by an insurer. A creditor,...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/8-37-3.htm - 3K - Match Info - Similar pages
10A-5-3.02
Section 10A-5-3.02 Liability of members to third parties. REPEALED IN THE 2014 REGULAR SESSION
BY ACT 2014-144 EFFECTIVE JANUARY 1, 2017. (a) Except as otherwise provided in this chapter,
a member of a limited liability company is not liable under a judgment, decree, or order of
a court, or in any other manner, for a debt, obligation, or liability of the limited liability
company, whether arising in contract, tort, or otherwise, or for the acts or omissions of
any other member, manager, agent, or employee of the limited liability company. (b) A member
may be liable to creditors of the limited liability company for a written agreement to make
a contribution to the limited liability company. (c) A member of a limited liability company
may become liable by reason of the member's own acts or conduct. (Acts 1993, No. 93-724, p.
1425, §20; §10-12-20; amended and renumbered by Act 2009-513, p. 967, §228.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/10A-5-3.02.htm - 1K - Match Info - Similar pages
25-14-9
Section 25-14-9 Written contract; rights and duties of clients; employees, and professional
employer organizations. (a) All professional employer organization arrangements shall have
a written contract between the client and the professional employer organization recognizing
the rights, responsibilities, and duties of each party. The contract shall disclose to the
client the services to be rendered by the professional employer organization, including the
total administrative fees charged for professional employer organization services, the respective
rights and obligations of the parties, and shall provide the following: (1) The professional
employer organization reserves a right of direction and control over contract employees and
exercises that right in the context of the need to do so according to the terms and conditions
of the professional employment agreement. The client, however, as an employer, may retain
sufficient direction and control over covered employees necessary to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/25-14-9.htm - 12K - Match Info - Similar pages
27-12-13
Section 27-12-13 Life, annuity, and disability insurance - Exceptions to discrimination, rebates,
or special inducements. Nothing in Sections 27-12-11 and 27-12-12 shall be construed as including
within the definition of discrimination, rebates, or special inducements any of the following
practices: (1) In the case of any contract of life insurance or annuity, paying bonuses to
policyholders or otherwise abating their premiums in whole or in part out of surplus accumulated
from nonparticipating insurance, provided, that any such bonuses or abatement of premiums
is fair and equitable to policyholders and for the best interests of the insurer and its policyholders;
(2) In the case of life or disability insurance policies issued on the industrial debit or
weekly premium plan, making allowance to policyholders who have continuously for a specified
period made premium payments directly to an office of the insurer in an amount which fairly
represents the saving in collection expense; (3)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-12-13.htm - 2K - Match Info - Similar pages
27-13-28
Section 27-13-28 Annual statistical reports of insurers. Every insurer shall file annually,
on or before July 1, with the rating organization of which it is a member or subscriber, or
with such other common agency representing a group of insurers as the department may approve,
and with the department a statistical report showing a classification schedule of its premiums
and its losses on all kinds of insurance to which this article is applicable, together with
such other information as the department may deem necessary for the proper determination of
the reasonableness and adequacy of rates. Such statistical report filed with the rating organization
may be consolidated and filed by such common agency. Such data shall be kept and reports made
in such manner and on such forms as may be prescribed by the commissioner. All such annual
filings with the department shall be kept under lock and key, and any official or employee
of the department who shall divulge the contents or permit the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-13-28.htm - 2K - Match Info - Similar pages
37-3-23.1
Section 37-3-23.1 Unenforceability of certain motor vehicle transportation contract provisions.
(a) In this section, the following words shall have the following meanings: (1) MOTOR CARRIER.
The same meaning ascribed in subdivision (10) of Section 37-3-2, or any successor provision
and includes an agent, employee, servant, or independent contractor of the motor carrier if
the agent, employee, servant, or independent contractor provides services in connection with
the particular motor vehicle transportation contract to which subsection (b) applies. (2)
MOTOR CARRIER TRANSPORTATION CONTRACT. A bill of lading, contract, agreement, or other understanding
covering the following: a. The transportation of property for compensation or hire by the
motor carrier. b. Entrance on property by the motor carrier for the purpose of loading, unloading,
or transporting property for compensation or hire. c. A service incidental to a. or b., including,
but not limited to, storage of property. (3) MOTOR...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-3-23.1.htm - 5K - Match Info - Similar pages
41-15-2
Section 41-15-2 Department of Finance to administer chapter; administrator of State Insurance
Fund. The Department of Finance is hereby constituted and designated as the agency through
which this chapter shall be administered, and the director of said department is empowered
with such authority as may be necessary to carry out its purposes. The director of said department,
with the approval of the Governor, may appoint a risk manager, as administrator of the State
Insurance Fund, who is familiar with insurance customs and practices and is otherwise qualified
by actual experience in the underwriting of risks and adjustment of losses, to assist the
director of said department in carrying out the purpose of this chapter. The said risk manager
shall install and keep an accurate system of accounting and statistical records and shall
adjust losses, make appraisals of insured properties for insurance purposes, when necessary,
and shall handle or supervise the handling of all other details...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/41-15-2.htm - 2K - Match Info - Similar pages
11-43B-30
or lease from any of the elected officials or employees of such municipality any labor, services,
work, materials, equipment, or supplies under the competitive bidding procedures established
by Section 41-16-50 et seq., and such elected official or employee may legally sell same to
the municipality under those procedures. The elected official or employee, if he or she proposes
to bid, shall not participate in the decision-making process determining the need for or the
purchase of such personal service or personal property, or in the determination
of the successful bidder. The council shall affirmatively find that the elected official or
employee, from whom the purchase is to be made, is the lowest responsible bidder as required
by said procedure. It shall be the duty and responsibility of the city clerk to file a copy
of any contract awarded to any elected official or employee with the State Ethics Commission.
All awards shall be as a result of original bid takings. It is the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-43B-30.htm - 3K - Match Info - Similar pages
27-17A-32
Section 27-17A-32 Rights of seller; powers and duties of trustee. (a) If amounts paid by the
purchaser under a preneed contract for funeral merchandise have previously been deposited
in trust, the seller may withdraw the principal amount and trust appreciation attributable
to the delivered item at such time as the funeral merchandise is delivered or installed or,
if comprised of materials designed to withstand prolonged, protected storage without deterioration,
the merchandise is placed in storage with a responsible third party bonded and insured for
the wholesale value thereof and evidenced by a receipt specifically identifying the item,
the specific preneed contract, the location of the item, and the identity and address of the
bonding and insuring parties. For purposes of this subsection only, caskets and alternative
containers may not be held in storage by the seller or a third party storage facility prior
to the death of the funeral beneficiary. (b) The trustee shall make regular...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-17A-32.htm - 5K - Match Info - Similar pages
|