GroundRules
Ala. Code § 27-22-63: Failure to Provide Notice or to Release Insurance Proceeds.
Where this section sits in the code
- Title 27 Insurance.
- Chapter 22 Property Insurance Contracts.
- Article 4 Insurance Payments to Lender.
A lender who fails to provide notice as required by Section 27-22-61 or Section 27-22-62 or to release insurance proceeds as required by Section 27-22-62 shall pay to the insured interest at the rate of 10 percent per year on the proceeds held by the lender.
Collected 2026-09-03T14:01:53Z. Source file · JSON