Ala. Code § 27-22-63
Current with legislation from 2024 effective through May 17, 2024.
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.
Ala. Code § 27-22-63 (1975)