Alabama Administrative Code
Title 482 - ALABAMA DEPARTMENT OF INSURANCE
Chapter 482-1-043 - MORTGAGE GUARANTY INSURANCE
Section 482-1-043-.07 - Forms

Universal Citation: AL Admin Code R 482-1-043-.07
Current through Register Vol. 42, No. 11, August 30, 2024

All policy forms and endorsements shall be filed with and be subject to the approval of the Commissioner pursuant to Section 27-14-8, Code of Ala. 1975. With respect to owner-occupied single family dwellings, the mortgage insurance policy shall provide that the borrower shall not be liable to the insurance company for any deficiency arising from a foreclosure sale.

Author: Commissioner of Insurance

Statutory Authority: Code of Ala. 1975, §§ 27-2-17.

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