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34-27A-60
Section 34-27A-60 Unlawful influencing of appraisal. (a) It is unlawful for any employee, director,
officer, or agent of an appraisal management company to influence or attempt to influence
the development, reporting, or review of an appraisal through coercion, extortion, collusion,
compensation, instruction, inducement, intimidation, bribery, or in any other manner including,
but not limited to, any of the following: (1) Withholding or threatening to withhold timely
payment for an appraisal, unless the appraisal is found to be of substandard quality or noncompliant
with the scope of the assignment as defined in the engagement letter. (2) Withholding or threatening
to withhold payment for an appraisal if the loan transaction is not completed. (3) Withholding
or threatening to withhold future business of, or demoting or terminating the services of,
or threatening to demote or terminate the services of an appraiser. (4) Promising future business,
promotions, or increased compensation to...
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34-27A-2
Section 34-27A-2 Definitions. The following terms as used in this article shall have the following
meanings: (1) APPRAISAL. The act or process of developing an opinion of value of real property;
an opinion of the value of real property; of or pertaining to appraising real property and
related functions such as appraisal practice or appraisal services. (2) APPRAISAL FOUNDATION.
The Appraisal Foundation incorporated as an Illinois not-for-profit corporation on November
30, 1987. (3) APPRAISAL MANAGEMENT COMPANY. An external third party including, but not limited
to, a corporation, partnership, sole proprietorship, subsidiary, or limited liability company,
authorized either by a creditor of a consumer credit transaction secured by the principal
dwelling of a consumer or by an underwriter of or other principal in the secondary mortgage
markets, that oversees a network or panel of more than four certified or licensed appraisers
in a state or 25 or more nationally in a given year, that...
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34-27A-20
Section 34-27A-20 Revocation or suspension of license - Grounds; disciplinary proceedings;
administrative fines. (a) The board may investigate the actions of a licensed real property
appraiser on complaint or on its own motion, and may revoke or suspend the license, levy fines
as provided in subsection (c), require completion of education courses, or discipline by public
and no more than two private reprimands per licensed real property appraiser for any of the
following acts or omissions: (1) Procuring or attempting to procure a license or certificate
pursuant to this article by knowingly making a false statement, submitting false information,
refusing to provide complete information in response to a question in an application for a
license, or through any form of fraud or misrepresentation. (2) Failing to meet the minimum
qualifications established by this article. (3) Paying money other than authorized by this
article to any member or employee of the board to procure a license under...
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27-36A-16
Section 27-36A-16 Requirements of a principle-based valuation. (a) A company must establish
reserves using a principle-based valuation that meets the following conditions for policies
or contracts as specified in the valuation manual: (1) Quantify the benefits and guarantees,
and the funding, associated with the contracts and their risks at a level of conservatism
that reflects conditions that include unfavorable events that have a reasonable probability
of occurring during the lifetime of the contracts. For polices or contracts with significant
tail risk, reflects conditions appropriately adverse to quantify the tail risk. (2) Incorporate
assumptions, risk analysis methods and financial models, and management techniques that are
consistent with, but not necessarily identical to, those utilized within the company's overall
risk assessment process, while recognizing potential differences in financial reporting structures
and any prescribed assumptions or methods. (3) Incorporate...
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31-9-40
the exchange of medical, fire, police, reconnaissance, welfare, transportation and communications
personnel, and equipment and supplies. Article VIII - Compensation. Each party shall provide
for the payment of compensation and death benefits to injured members of the emergency forces
of that state and representatives of deceased members of the forces in case members sustain
injuries or are killed while rendering aid pursuant to this compact, in the same manner and
on the same terms as if the injury or death were sustained within their own state.
Article IX - Reimbursement. Any party state rendering aid in another state pursuant to this
compact shall be reimbursed by the party state receiving the aid for any loss or damage to
or expense incurred in the operation of any equipment and the provision of any service in
answering a request for aid and for the costs incurred in connection with such requests. Any
aiding party state may assume in whole or in part loss, damage, expense, or other...
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34-1-16
Section 34-1-16 Acts declared unlawful. No person shall assume or use the title or designation
"certified public accountant," the abbreviation "CPA" or any other title,
designation, words, letters, abbreviation, sign, card, or device tending to indicate that
the person is a certified public accountant, unless the person has received a certificate
as a certified public accountant under Section 34-1-4 and if in public practice, holds a permit
issued under Section 34-1-11, which is not revoked or suspended, hereinafter referred to as
a live permit, and all of the offices of the person in this state for the practice of public
accounting are maintained and registered as required under Section 34-1-10, or the person
is practicing pursuant to Section 34-1-7; provided, however: (1) A foreign accountant who
has registered under Section 34-1-5 and who holds a live permit issued under Section 34-1-11
may use the title under which he or she is generally known in his or her country, followed
by the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-1-16.htm - 11K - Match Info - Similar pages
34-27A-58
Section 34-27A-58 Confirmation of competency; when payments due. (a) Before placing an assignment
with an appraiser, an appraisal management company shall require that the appraiser confirm
in writing or via electronic means that the appraiser receiving the assignment is a competent
appraiser for the performance of the appraisal being assigned. (b) An appraisal management
company operating in this state, except in cases of a mutually agreed upon payment date, breach
of contract, or performance of services that violates Uniform Standards of Professional Appraisal
Practice or any published standards of best practices, shall make payment to an appraiser
for the completion of an appraisal or valuation assignment within 45 days after the date the
appraisal management company, or an assignee, receives a completed appraisal or valuation
study. (Act 2011-701, p. 2161, §3.)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-27A-58.htm - 1K - Match Info - Similar pages
34-27A-4
Section 34-27A-4 Board created; composition; meetings; compensation. There is established the
Alabama Real Estate Appraisers Board. The board shall consist of nine members, one of whom
shall be a qualified individual from the general public, seven of whom shall be real property
appraisers, and, beginning on October 1, 2011, one of whom shall be a representative of an
appraisal management company. Each member of the board, except for the representative of the
appraisal management company, shall be a citizen of this state and no less than two of the
nine board members shall be of a minority race. The overall membership of the board shall
be inclusive and reflect the racial, gender, geographic, urban/rural, and economic diversity
of the state. The Governor shall appoint the members of the Real Estate Appraisers Board.
One appraiser member shall be appointed from each United States Congressional District in
this state. The term of each board member shall be three years; except that, of the...
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34-27A-63
Section 34-27A-63 Applicability. This article does not apply to: (1) A financial institution
that is regulated by a federal financial institution regulatory agency or a department, division,
or unit thereof. An appraisal management company that is a wholly owned subsidiary of a financial
institution may not be considered a department, division, or unit within a financial institution.
(2) A person who enters into an agreement with an appraiser for the performance of an appraisal
and, upon the completion of the appraisal, the report of the appraiser performing the appraisal
is signed by both the appraiser who completed the appraisal and the person who requested the
completion of the appraisal. (Act 2011-701, p. 2161, §3.)...
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41-7A-46
and receives sales, use, and lodging tax exemption certificates, but fails to expend one hundred
fifty thousand dollars ($150,000) within a consecutive 12-month period, is liable for the
sales, use, and lodging taxes that would have been paid had the approval not been granted;
except that the company must be given a 60-day period in which to pay the sales, use, and
lodging taxes without incurring penalties. The sales, use, and lodging taxes are considered
due as of the date the tangible personal property was purchased in or brought into
Alabama for use, storage, or consumption for purposes of state sales and use taxes and due
as of the date that lodgings occur for purposes of state lodging taxes. (e) Upon completion
of a qualified production, the company shall return the sales, use, and lodging tax exemption
certificates to the department and submit a report to the office of the actual expenditures
made in Alabama in connection with the qualified production. (f) Notwithstanding Act...
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