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5-26-10
Section 5-26-10 Continuing education for mortgage loan originators. (1) In general. In order
to meet the annual continuing education requirements referred to in Section 5-26-9(1)(b),
a licensed mortgage loan originator shall complete at least eight hours of education approved
in accordance with subsection (2), which shall include at least: (a) Three hours of federal
law and regulations; (b) Two hours of ethics, which shall include instruction on fraud, consumer
protection, and fair lending issues; and (c) Two hours of training related to lending standards
for the nontraditional mortgage product marketplace. (2) Approved educational courses. For
purposes of subsection (1), continuing education courses shall be reviewed and approved by
the Nationwide Mortgage Licensing System and Registry based upon reasonable standards. Review
and approval of a continuing education course shall include review and approval of the course
provider. (3) Approval of employer and affiliate educational...
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5-26-6
Section 5-26-6 Issuance of license. The supervisor shall not issue a mortgage loan originator
license unless the Supervisor makes at a minimum the following findings: (1) NO LICENSE REVOCATION.
The applicant has never had a mortgage loan originator license revoked in any governmental
jurisdiction, except that a subsequent formal vacation of such revocation shall not be deemed
a revocation. (2) NO FELONY CONVICTION. The applicant has not been convicted of, or pled guilty
or nolo contendere to, a felony in a domestic, foreign, or military court: (a) During the
seven-year period preceding the date of the application for licensing and registration; or
(b) At any time preceding such date of application, if such felony involved an act of fraud,
dishonesty, or a breach of trust, or money laundering; (c) Provided that any pardon of a conviction
shall not be a conviction for purposes of this subsection. (3) CHARACTER AND FITNESS. The
applicant has demonstrated financial responsibility,...
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2-15-63
Section 2-15-63 Bonds of livestock market operators. Any person operating a livestock market
in this state shall make and execute a bond in favor of the State of Alabama, which bond shall
be made by a surety company qualified to do business in the State of Alabama and such bond
shall be filed in the office of the commissioner. The minimum amount of such bond shall be
$5,000.00 or such greater sum not to exceed $50,000.00. The exact amount of said bond shall
be determined by dividing the gross amount of business done by such livestock market during
the preceding 12 months or such part thereof as the livestock market was engaged in business
by the number of days on which sales were made, and such bond shall be not less than the nearest
multiple of $1,000.00. Any bond accepted under the provisions of this section shall be not
less than $5,000.00 nor more than $50,000.00. In the event the livestock market has not engaged
in business during the year preceding the date of its application for...
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40-17-168.5
Section 40-17-168.5 Surety bond. (a) Upon approval of the application by the department, the
applicant must file with the department a surety bond. The bond amount for an applicant for
a license as a public seller of CNG/LNG or a fleet producer of CNG/LNG shall be a minimum
of twenty-five thousand dollars ($25,000) or in the approximate amount of twice the average
monthly tax liability, whichever is greater. (b) The department shall review the bond amounts
every five years beginning January 2023 to ensure that each public seller of CNG/LNG and each
fleet producer of CNG/LNG has posted a surety bond sufficient to cover twice the average monthly
tax liability as referenced in subdivision (a). Based upon this review or at any time that
the department determines that the bond amount is insufficient to cover twice the average
monthly tax liability, the commissioner may require an additional surety bond from any licensee
under one or more of the following circumstances: (1) The commissioner...
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27-17A-14
Section 27-17A-14 Surety bond. (a) As an alternative to the trust requirement of Section 27-17A-13,
the details of which are set forth in Articles 3 and 4, a preneed provider may, with the prior
approval of the commissioner, purchase a surety bond in an amount not less than the aggregate
value of outstanding liabilities on undelivered preneed contracts for merchandise, services,
and cash advances. For the purposes of this section, the term outstanding liabilities means
the original retail amount of services and cash advances and the actual cost to the entity
to provide the undelivered merchandise sold on each contract written after April 30, 2002.
The surety bond shall be in an amount sufficient to cover the outstanding liability at the
time each contract is executed. (b) The bond shall be made payable to the State of Alabama
for the benefit of the commissioner and of all purchasers of preneed merchandise, services,
and cash advances. The bond shall be issued by an insurance company...
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40-17-335
Section 40-17-335 Surety bond. (a) Upon approval of the application by the department, the
applicant shall file with the department a surety bond as herein provided: (1) Except as provided
under subdivision (3), the bond amount for an applicant for a license as a supplier, permissive
supplier, or terminal operator shall be in the approximate amount of twice the average monthly
tax liability, not to exceed two million dollars ($2,000,000). (2) Except as provided under
subdivision (3), the bond amount for an applicant for a license as an exporter, blender, importer,
or distributor shall be a minimum of two thousand dollars ($2,000) or the approximate amount
of twice the average monthly tax liability, whichever is greater. (3) The bond for distributors,
suppliers, and permissive suppliers who are licensed with the department on October 1, 2012,
shall remain at the amount that is filed with the department on that date, except as provided
under subsection (b). (4) For an applicant for a...
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32-20-24
Section 32-20-24 Acceptance of application where ownership of manufactured home in question.
If the department is not satisfied as to the ownership of the manufactured home or that there
are no undisclosed security interests in it, the department may accept the application but
shall do either of the following: (1) Withhold issuance of a certificate of title until the
applicant presents documents reasonably sufficient to satisfy the department as to the applicant's
ownership of the manufactured home and that there are no undisclosed security interests on
it. (2) As a condition of issuing a certificate of title or certificate of cancellation, require
the applicant to file with the department a bond in a form prescribed by the department and
executed by the applicant, and either accompanied by the deposit of cash with the department
or also executed by a person authorized to conduct a surety business in this state. The bond
shall be in an amount equal to fifty thousand dollars ($50,000)...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/32-20-24.htm - 2K - Match Info - Similar pages
34-27-6
Section 34-27-6 Real estate courses and schools. (a) For purposes of this section and rules
adopted pursuant thereto, the following terms shall have the following meanings: (1) ADMINISTRATOR.
A person designated by a principal school or branch school and approved by the commission
to be the person responsible to the commission for all acts governed by this chapter and applicable
rules which govern the operation of schools. (2) APPROVED COURSE. Any course of instruction
approved by the commission that satisfies commission requirements for prelicense education,
postlicense education, or continuing education. (3) APPROVED SCHOOL. Any proprietary educational
institution offering only commission approved continuing education courses and any accredited
college or university that offers any commission approved course. (4) BRANCH SCHOOL. Any school
under the ownership of a principal school which offers commission approved courses at a permanent
location. (5) INSTRUCTIONAL SITE. Any physical...
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5-17-11
Section 5-17-11 Election of officers; duties of officers and directors; compensation; liability.
(a) At the first meeting and at subsequent times prescribed in the bylaws, the directors shall
elect a president. The president must be either a member of the board of directors or an employee
of the credit union who is not a member of the board of directors. If the credit union elects
a president who is not a member of the board of directors, the board of directors shall elect
from their own number a chair and one or more vice chairs of the board of directors. The board
of directors, in accordance with the bylaws, may remove any officer who is not a member of
the board of directors. At the first meeting and at subsequent annual meetings prescribed
in the bylaws, the directors shall elect from their own number, a secretary and treasurer,
who may be the same individual. To nominate a candidate by petition, the petition should conform
to the requirements as specified in the bylaws. The bylaws...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/5-17-11.htm - 4K - Match Info - Similar pages
11-65-17
Section 11-65-17 Terms of horse racing facility license. (a) A horse racing facility license
issued under this chapter shall be for a period of 20 years, but shall be reviewed annually.
A commission issuing such license shall state therein the person to whom such license is issued,
the duration of such license, the location of the racing facility thereby licensed to be used
for horse racing, and such other conditions of the license and related information as the
commission shall deem proper. A commission shall have no power to modify the terms of a horse
racing facility license, once issued, without the prior written consent of the holder of such
license. A horse racing facility license shall be revocable by the commission only if the
holder thereof shall not be in compliance with the provisions of this chapter or the valid
rules, regulations, and orders of the commission and such noncompliance shall have continued
for 60 days after written notice shall be given to such holder by the...
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