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5-26-3
by the Farm Credit Administration; and (b) Is registered with, and maintains a unique identifier
through, the Nationwide Mortgage Licensing System and Registry, or if prior to the Federal
Banking Agencies establishing a registration system, would be subject to registration under
the registration system when established by the Federal Banking Agencies and then would maintain
a unique identifier. (12) RESIDENTIAL MORTGAGE LOAN. The term "residential mortgage loan"
means any loan primarily for personal, family, or household use that is secured by
a mortgage, deed of trust, or other equivalent consensual security interest on a dwelling
(as defined in Section 103(v) of the Truth in Lending Act) or residential real estate upon
which is constructed or intended to be constructed a dwelling. (13) RESIDENTIAL REAL ESTATE.
The term "residential real estate" means any real property located in Alabama, upon
which is constructed or intended to be constructed a dwelling. (14) SUPERVISOR. The...
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28-7-22
Section 28-7-22 Interlocking businesses and interests prohibited. No manufacturer and no officer
or director of any manufacturer shall, at the same time, be a wine wholesaler or retailer,
or an officer, director or stockholder or creditor of any wine wholesaler or retailer, nor
except as hereinafter provided, be the owner, proprietor or lessor of any place covered directly
or indirectly by any wine wholesaler's license or wine retailer's license or other retail
license authorizing the sale of wine in this state. No wine wholesaler and no officer or director
of any wine wholesaler shall at the same time be a manufacturer or wine retailer, or be an
officer, director, stockholder or creditor of a manufacturer or wine retailer, or be the owner,
proprietor or lessor of any place covered by any retail table wine license. No licensee licensed
under this chapter, shall directly or indirectly own any stock of, or have any financial interest
in, any other class of business licensed under this...
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34-27-81
Section 34-27-81 Definitions. As used in this article, the following words shall have the following
meanings: (1) AGENCY AGREEMENT. A written agreement between a broker and a client which creates
a fiduciary relationship between the broker and a principal, who is commonly referred to as
a client. (2) BROKER. Any person licensed as a real estate broker pursuant to Articles 1 and
2 of this chapter. (3) BROKERAGE AGREEMENT. A specific written agreement between a brokerage
firm and a consumer which establishes a brokerage relationship. The brokerage agreement shall
contain a statement of the terms and conditions of the brokerage services to be provided.
(4) BROKERAGE SERVICE. Any service, except for rental or property management services, provided
by a broker or licensee to another person and includes all activities for which a real estate
license is required under Articles 1 and 2 of this chapter. (5) CONSUMER. A person who obtains
information, advice, or services concerning real estate...
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41-10-44.3
Section 41-10-44.3 Additional powers of authority. In addition to the powers granted to it
in Section 41-10-26 and in Sections 41-10-37 through 41-10-43, the authority shall have the
following powers: (1) To adopt and alter bylaws for the regulation and conduct of its affairs
and business; (2) To borrow money and to issue project obligations, whether or not the interest
thereon is excluded from gross income for federal income tax purposes, for the purpose of
financing project costs, and to provide for the rights of the purchasers, holders or owners
of its project obligations; (3) To execute and deliver mortgages, security agreements and
trust indentures and other forms of agreements for the purpose of securing its project obligations,
and in connection therewith, to mortgage, pledge or assign the revenues, receipts and other
property of the authority received, and the financing agreements entered into by the authority
in connection with, the financing of projects under this Article 2A;...
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5-25-3
Section 5-25-3 Persons excluded. The following persons are not subject to the provisions of
this chapter: (1) Any depository institution as defined in Section 3 of the Federal Deposit
Insurance Act, any subsidiary institution that is owned and controlled by a depository institution,
and employees of any of the foregoing. Bank holding companies and subsidiaries of bank holding
companies, thrift holding companies and subsidiaries of thrift holding companies, trust companies,
savings or building and loan associations, savings banks and other thrift institutions, credit
unions, and all other affiliates of each of the above persons if more than 50 percent of the
affiliate's shares or other ownership interests are owned or controlled by such person, and
federally or state constituted agencies and employees of any of the foregoing. (2) Any person
licensed under Section 5-19-22. (3) An attorney licensed to practice law in Alabama who is
not principally engaged in negotiating mortgage loans...
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5-26-16
For purposes of initial licensing, license renewal, license suspension, license conditioning,
license revocation or termination, or general or specific inquiry or investigation to determine
compliance with this chapter, the supervisor shall have the authority to access, receive,
and use any books, accounts, records, files, documents, information, or evidence including
but not limited to: (a) Criminal, civil, and administrative history information, including
nonconviction data; and (b) Personal history and experience information including independent
credit reports obtained from a consumer reporting agency described in Section 603(p) of the
Fair Credit Reporting Act; and (c) Any other documents, information, or evidence the supervisor
deems relevant to the inquiry or investigation regardless of the location, possession, control,
or custody of such documents, information, or evidence. (2) INVESTIGATION, EXAMINATION, AND
SUBPOENA AUTHORITY. For the purposes of investigating...
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5-2A-80
Section 5-2A-80 Created; supervisor of bureau; inspections; records, reports, etc., not open
to public. To administer and enforce the provisions of chapter 18 of this title, there is
hereby created in the State Banking Department the Bureau of Loans. The Superintendent of
Banks shall, with the approval of the Governor and subject to the provisions of the merit
system, appoint a Supervisor of the Bureau of Loans, who shall be the chief of the Bureau
of Loans, and such other employees of said bureau as may be necessary. The Supervisor of the
Bureau of Loans shall take and file with the Secretary of State the official oath and shall
give bond in the penal sum of $10,000.00 for the faithful performance of the duties of his
office. The Supervisor of the Bureau of Loans, for the purpose of discovering violations of
Chapter 18 of this title, may investigate the loans and business of every person, copartnership
and corporation by whom or by which any such loan shall be made, whether such...
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11-54A-9
prosecute and defend civil actions in any court having jurisdiction of the subject matter and
of the parties. (3) To adopt and make use of a corporate seal and to alter the same at pleasure.
(4) To adopt and alter bylaws for the regulation and conduct of its affairs and business.
(5) To acquire, whether by purchase, construction, exchange, gift, lease, or otherwise and
to refinance existing indebtedness on, improve, maintain, equip, and furnish one or more projects,
including all real and personal properties which the board of the authority may deem
necessary in connection therewith, regardless of whether or not any such projects shall then
be in existence. (6) To lease to others any or all of its projects and to charge and collect
rent therefor, and to terminate any such lease upon the failure of the lessee to comply with
any of the obligations thereof. (7) To sell, exchange, donate, or convey and to grant options
to any lessee to acquire any of its projects and any or all of its...
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11-65-10
believes that it would be prudent to obtain the fingerprints of such persons. (16) A commission
shall report annually to the governing body of its sponsoring municipality and to such state
and federal authorities as shall be required by law. (17) Except as otherwise provided in
subdivisions (10) and (12), all books, records, maps, documents, and papers of a commission,
including those filed with such commission as well as those prepared by or for it, shall at
all times be open for the personal inspection of any officer of the state, the sponsoring
municipality or the host county or any official investigative body or committee of any thereof,
and no person having charge or custody thereof shall refuse this right to any officer or investigative
body or committee, and it shall be the express duty of such person to assist such officer
or committee in locating records or information. If any member of a commission violates the
provisions of this subdivision, he or she shall be subject...
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11-92C-8
in Chapter 93 of this title for the purpose of limiting the damages for which the authority
may be liable. (3) To adopt and make use of a corporate seal and to alter the seal at its
pleasure. (4) To adopt and alter bylaws for the regulation and conduct of its affairs and
business. (5) To acquire, whether by purchase, construction, exchange, gift, lease, or otherwise,
and to refinance existing indebtedness on, improve, maintain, equip, and furnish one or more
projects, including all real and personal properties which the board of the authority
may deem necessary in connection therewith, regardless of whether or not the projects shall
then be in existence. (6) To lease to others any or all of its projects and to share and collect
rent thereof, and to terminate any lease upon the failure of the lessee to comply with any
of the obligations thereof. (7) To sell, exchange, donate, or convey and to grant options
to any lessee to acquire any of its projects and any or all of its properties if...
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