Section 5-24-32 – Uniformity of Application and Construction.
Section 5-24-32 Uniformity of application and construction. This chapter shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this chapter among states enacting it. (Acts 1997, No. 97-644, p. 1177, §1.)
Section 5-25-14 – Denial, Suspension, or Revocation of License.
Section 5-25-14 Denial, suspension, or revocation of license. (a) The department may suspend or revoke a license on any ground on which it might refuse to issue an original license, or for a violation of any provision of this chapter or any rule or regulation issued under this chapter or for failure of the licensee […]
Section 5-24-33 – Supplementary General Principles of Law Applicable.
Section 5-24-33 Supplementary general principles of law applicable. Unless displaced by the particular provisions of this chapter, the principles of law and equity supplement its provisions. (Acts 1997, No. 97-644, p. 1177, §1.)
Section 5-25-15 – Appeal.
Section 5-25-15 Appeal. (a) Any interested party or intervener may appeal an order of the department to the Circuit Court of Montgomery County or to the circuit court of the county in which such party has its principal place of business in Alabama by filing notice of appeal with the department and with the register […]
Section 5-24-34 – Transitional Provisions.
Section 5-24-34 Transitional provisions. On March 1, 1998: (1) An act done before March 1, 1998, and any accrued right is not impaired by this chapter. If a right is acquired, extinguished, or barred on the expiration of a prescribed period of time that has commenced to run by the provisions of any statute before […]
Section 5-25-16 – Enforcement and Penalties.
Section 5-25-16 Enforcement and penalties. (a) Whenever it appears to the supervisor that any person required to be licensed or registered under this chapter has violated any law of this state or any order or regulation of the department, the supervisor after notice and hearing may order such person or an affiliate acting on behalf […]
Section 5-25-1 – Short Title.
Section 5-25-1 Short title. This chapter shall be known and cited as the Mortgage Brokers Licensing Act. (Act 2001-692, p. 1439, §1.)
Section 5-25-17 – Violations of Chapter.
Section 5-25-17 Violations of chapter. Any person who willfully violates any of the provisions of this chapter shall be guilty of a misdemeanor and shall be punished by imprisonment for not more than one year or by a fine of not more than one thousand dollars ($1,000), or by both fine and imprisonment. (Act 2001-692, […]
Section 5-25-2 – Definitions.
Section 5-25-2 Definitions. For purposes of this chapter, the following terms shall have the following meanings: (1) BORROWER. A natural person who submits an application for a loan secured by a first or subordinate mortgage or deed of trust on a single-family to four-family home to be occupied by the borrower as the borrower’s primary […]
Section 5-25-18 – Disposition of Funds.
Section 5-25-18 Disposition of funds. All fees and administrative penalties collected shall be paid into the special fund provided by Section 5-2A-20 and used in the supervision and examination of licensees. (Act 2001-692, p. 1439, §18.)