§ 5-25-1 Short title
§ 5-25-2 Definitions
§ 5-25-3 Persons excluded
§ 5-25-4 License to transact business as a mortgage broker
§ 5-25-5 Application for license
§ 5-25-6 Issuance of license
§ 5-25-7 Expiration and renewal
§ 5-25-8 License requirements
§ 5-25-9 Maintenance and examination of records, etc
§ 5-25-10 Annual report
§ 5-25-11 Principal place of business; branch office
§ 5-25-12 Disclosure by licensee; prohibited activities
§ 5-25-13 Rules and regulations
§ 5-25-14 Denial, suspension, or revocation of license
§ 5-25-15 Appeal
§ 5-25-16 Enforcement and penalties
§ 5-25-17 Violations of chapter
§ 5-25-18 Disposition of funds

Terms Used In Alabama Code > Title 5 > Chapter 25 - Mortgage Brokers Licensing Act

  • Amortization: Paying off a loan by regular installments.
  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • Counterclaim: A claim that a defendant makes against a plaintiff.
  • Fraud: Intentional deception resulting in injury to another.
  • Indictment: The formal charge issued by a grand jury stating that there is enough evidence that the defendant committed the crime to justify having a trial; it is used primarily for felonies.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
  • Probable cause: A reasonable ground for belief that the offender violated a specific law.
  • Remand: When an appellate court sends a case back to a lower court for further proceedings.
  • Subpoena: A command to a witness to appear and give testimony.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
  • Verdict: The decision of a petit jury or a judge.
  • Writ: A formal written command, issued from the court, requiring the performance of a specific act.