Alabama § 27-22-62 - Duties of Lenders Upon Request of Release.
Full text of Alabama Code of Alabama § 27-22-62 — Duties of Lenders Upon Request of Release., with citation guidance and answers to common questions.
§ 27-22-62. Duties of Lenders Upon Request of Release.
Not later than 10 days after the date a lender receives from the insured a request for release of all or part of the insurance proceeds held by the lender, the lender shall do either of the following:
(1) If the lender has received sufficient evidence of the insured’s compliance with the requirements specified by the lender under Section 27-22-61 for release of the proceeds, the lender shall release to the insured, as requested, all or part of the proceeds.
(2) Provide notice to the insured that explains specifically both of the following:
a. The reason for the lender’s refusal to release the proceeds to the insured.
b. Each requirement with which the insured must comply for the lender to release the proceeds.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 27-22-62
What does Code of Alabama § 27-22-62 cover?
Section 27-22-62 ("Duties of Lenders Upon Request of Release.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 27-22-62?
A common citation format is "Code of Alabama § 27-22-62" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 27-22-62 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.