Code of Alabama
Title 24 - Housing.
Chapter 11 - Alabama First-Time and Second Chance Home Buyer Savings Account Act.

Section 24-11-1 - Short Title. - Short Title. This act shall be known and may be...

Section 24-11-2 - Legislative Declaration. - Legislative Declaration. The Legislature recognizes that saving for the purchase...

Section 24-11-3 - Definitions. - Definitions. As used in this chapter, the following terms shall...

Section 24-11-4 - Establishment and Use of First-Time and Second Chance Home Buyer Savings Account. - Establishment and Use of First-time and Second Chance Home Buyer...

Section 24-11-5 - Account Holder Responsibilities. - Account Holder Responsibilities. The account holder shall do all of...

Section 24-11-6 - Responsibilities of Financial Institutions. - Responsibilities of Financial Institutions. (a) A financial institution shall be...

Section 24-11-7 - Deduction of Contributions, Exclusion of Earnings, and Limitations. - THIS SECTION WAS AMENDED BY ACT 2022-223 IN THE 2022...

Section 24-11-8 - Penalty for Withdrawal for Purpose Other Than Eligible Costs. - Penalty for Withdrawal for Purpose Other Than Eligible Costs. Except...

Section 24-11-9 - Department of Revenue; Forms. - Department of Revenue; Forms. The Department of Revenue shall adopt...

Section 24-11-10 - Annual Report. - THIS SECTION WAS AMENDED BY ACT 2022-223 IN THE 2022...