{"data":{"id":"us-al/ala.-code-27-22-64","jurisdiction":"us-al","citation":"Ala. Code § 27-22-64","heading":"Accrual of Interest.","body":"(a) If a lender fails to provide notice as required by Section 27-22-61 or Section 27-22-62, interest begins to accrue on the date the lender received the insurance proceeds.\n(b) If a lender fails to release insurance proceeds as required by Section 27-22-62, interest begins to accrue on the date the lender receives sufficient evidence of the insured’s compliance with the requirements specified by the lender under Section 27-22-61 or Section 27-22-62 for release of the proceeds.\n(c) Interest stops accruing on the date the lender complies with Section 27-22-61 or Section 27-22-62, as applicable.","path":["Title 27 Insurance.","Chapter 22 Property Insurance Contracts.","Article 4 Insurance Payments to Lender."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=27-22-64","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:53Z","sha256":"345ae58f4acbd27a8cef44d63170d69072652b39e52a4dc3d1a1685f561df2de","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-27-22-63","next":"us-al/ala.-code-27-22-65"},"notice":"GroundRules: Original legal text. Not legal advice."}