§ 27-22-60 Definitions
§ 27-22-61 Notice to insured of requirements for release of insurance proceeds
§ 27-22-62 Duties of lenders upon request of release
§ 27-22-63 Failure to provide notice or to release insurance proceeds
§ 27-22-64 Accrual of interest
§ 27-22-65 Construction of article

Terms Used In Alabama Code > Title 27 > Chapter 22 > Article 4 - Insurance Payments to Lender

  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • following: means next after. See Alabama Code 1-1-1
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
  • person: includes a corporation as well as a natural person. See Alabama Code 1-1-1
  • property: includes both real and personal property. See Alabama Code 1-1-1
  • year: means a calendar year; but, whenever the word "year" is used in reference to any appropriations for the payment of money out of the treasury, it shall mean fiscal year. See Alabama Code 1-1-1