Alabama Code > Title 27 > Chapter 22 > Article 4 – Insurance Payments to Lender


§ 27-22-60	Definitions
§ 27-22-61	Notice to insured of requirements for release of insurance proceeds
§ 27-22-62	Duties of lenders upon request of release
§ 27-22-63	Failure to provide notice or to release insurance proceeds
§ 27-22-64	Accrual of interest
§ 27-22-65	Construction of article

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Deed: The legal instrument used to transfer title in real property from one person to another.
Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
following: means next after. See Alabama Code 1-1-1
Lien: A claim against real or personal property in satisfaction of a debt.
Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
person: includes a corporation as well as a natural person. See Alabama Code 1-1-1
property: includes both real and personal property. See Alabama Code 1-1-1
year: means a calendar year; but, whenever the word "year" is used in reference to any appropriations for the payment of money out of the treasury, it shall mean fiscal year. See Alabama Code 1-1-1