Code of Alabama
Title 5 - Banks and Financial Institutions.
Chapter 25 - Mortgage Brokers Licensing Act.

Section 5-25-1 - Short Title. - This chapter shall be known and cited as the Mortgage...

Section 5-25-2 - Definitions. - For purposes of this chapter, the following terms shall have...

Section 5-25-3 - Persons Excluded. - The following persons are not subject to the provisions of...

Section 5-25-4 - License to Transact Business as a Mortgage Broker. - (a) On and after January 1, 2002, no person shall...

Section 5-25-5 - Application for License. - (a) An application for a license under this chapter shall...

Section 5-25-6 - Issuance of License. - (a) Upon receipt of a completed application for a license...

Section 5-25-7 - Expiration and Renewal. - (a) All licenses issued pursuant to this chapter shall expire...

Section 5-25-8 - License Requirements. - (a) Each license issued under this chapter shall state the...

Section 5-25-9 - Maintenance and Examination of Records, Etc. - (a) Any person required to be licensed under this chapter...

Section 5-25-10 - Annual Report. - (a) Each licensee shall annually, on or before May 1,...

Section 5-25-11 - Principal Place of Business; Branch Office. - A licensee may transact business from both a principal place...

Section 5-25-12 - Disclosure by Licensee; Prohibited Activities. - (a) Licensees shall: (1) Prior to the collection of a...

Section 5-25-13 - Rules and Regulations. - (a) The department may promulgate those rules and regulations, not...

Section 5-25-14 - Denial, Suspension, or Revocation of License. - (a) The department may suspend or revoke a license on...

Section 5-25-15 - Appeal. - (a) Any interested party or intervener may appeal an order...

Section 5-25-16 - Enforcement and Penalties. - (a) Whenever it appears to the supervisor that any person...

Section 5-25-17 - Violations of Chapter. - Any person who willfully violates any of the provisions of...

Section 5-25-18 - Disposition of Funds. - All fees and administrative penalties collected shall be paid into...