§ 27-25-1 Enjoining of certain acts; revocation of charter for violating same
§ 27-25-1.1 Short title
§ 27-25-2 Applicability of chapter
§ 27-25-3 Definitions
§ 27-25-4 Title insurance agent; appointment; issuance of policies
§ 27-25-4.1 Title agent qualifications
§ 27-25-4.2 License; license renewal; name or address change
§ 27-25-4.3 Prelicensing course and examination
§ 27-25-4.4 Continuing education
§ 27-25-4.5 License denial, non-renewal, or revocation
§ 27-25-4.6 Fingerprints
§ 27-25-4.7 Fees
§ 27-25-4.8 Implementation
§ 27-25-5 Duties of title insurer, etc
§ 27-25-6 Companies to file rates
§ 27-25-7 Notice of availability of owner’s title insurance
§ 27-25-8 Rules and regulations
§ 27-25-9 Violations; enforcement of chapter; penalties
§ 27-25-10 Construction of chapter

Terms Used In Alabama Code > Title 27 > Chapter 25 - Title Insurance

  • Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
  • Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
  • Recourse: An arrangement in which a bank retains, in form or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the bank's claim on the asset. If a bank has no claim on an asset it has sold, then the retention of any credit risk is recourse. Source: FDIC
  • Service of process: The service of writs or summonses to the appropriate party.