Alabama Code 5-26-12. Nationwide Mortgage Licensing System and Registry information challenge process
Current as of: 2024 | Check for updates
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Terms Used In Alabama Code 5-26-12
- 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
The supervisor shall establish a process whereby mortgage loan originators may challenge information entered into the Nationwide Mortgage Licensing System and Registry.