Ala. Code § 27-22-60

Current through the 2024 Regular Session.

Section 27-22-60 - Definitions

As used in this article, the following terms shall have the following meanings:

(1) LENDER. A person who holds a mortgage, lien, deed of trust, or other security interest in property. The term includes an assignee, receiver, or other transferee of the interest.

(2) RESIDENTIAL REAL PROPERTY. Any of the following:

a. A single-family house.

b. A duplex, triplex, or quadraplex.

c. A unit in a multi-unit residential structure in which title to an individual unit is transferred to the owner of the unit under a condominium or cooperative system.

Ala. Code § 27-22-60 (1975)

Added by Act 2019-460,§ 1, eff. 9/1/2019.