(a) Only a title insurance company or an attorney licensed in this state acting as the agent of and for a title insurance company pursuant to a certificate of authority and within the scope of his or her agency agreement with a title insurance company may serve as a satisfaction agent pursuant to this article.
(b) This article does not require a title insurance company to agree to serve as a satisfaction agent or any attorney or other agent to act on behalf of a title insurance company.
Structure Code of Alabama
Article 5 - Alabama Residential Mortgage Satisfaction Act.
Section 35-10-90 - Short Title; Application; Definitions.
Section 35-10-91 - Payoff Statement; Notice.
Section 35-10-92 - Submission of a Satisfaction of a Security Instrument for Recording.
Section 35-10-93 - Service as a Satisfaction Agent.
Section 35-10-94 - Notification by Satisfaction Agent to Secured Creditor.
Section 35-10-95 - Conditions for Satisfaction Agent to Sign and Submit Affidavit for Recording.
Section 35-10-96 - Affidavit of Satisfaction Requirements.