reglab/housing_qa huggingface dataset:
AL Code § 5-22-1 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 22 - Reports of Transactions Involving Currency.|Section 5-22-1 - Purpose.

Section 5-22-1Purpose. It is the purpose of this chapter to require submission to the State Revenue Department of certain reports and records of transactions involving United States currency where such reports and records have a high degree of usefulness in criminal, tax, or regulatory investigations or proceedings. (Acts 1990, No. 90-469, p. 674, §1.)
AL Code § 5-22-2 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 22 - Reports of Transactions Involving Currency.|Section 5-22-2 - Definitions.

Section 5-22-2Definitions. For the purpose of this chapter, the following terms shall have the meanings ascribed by this section: (1) CURRENCY. Currency and coin of the United States. (2) FINANCIAL INSTITUTION. Any national bank or banking association, state bank or banking association, industrial savings bank, trust company, federal savings and loan association, state savings and loan association, federal savings bank, state savings bank, federal credit union, state credit union, Edge Act or agreement corporation, or international bank agency, located in this state, whether organized under the laws of this state, the laws of another state, or the laws of the United States. (3) PERSON. Any individual, and any corporation, partnership, association or other such business entity. (Acts 1990, No. 90-469, p. 674, §2.)
AL Code § 5-22-3 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 22 - Reports of Transactions Involving Currency.|Section 5-22-3 - Record of Currency Transactions; Report on Written Request; When No Longer Required; Compliance With Federal Law Sufficient; Multiple Transactions; Disclosures.

Section 5-22-3Record of currency transactions; report on written request; when no longer required; compliance with federal law sufficient; multiple transactions; disclosures. (a) Every financial institution shall keep a record of each of its currency transactions as required by 31 U.S.C. §5313 and regulations pursuant thereto, as the same may be amended from time to time ("federal monetary transaction records and reports requirement"). Upon the written request of the Revenue Commissioner, each financial institution shall file a report as described in this chapter with the State Revenue Department. After such request and during the period of time covered thereby, each report shall be filed no later than 15 banking days after the report of the same transaction is required to be filed pursuant to the federal monetary transaction records and reports requirement. If the information required to be reported to the State Revenue Department pursuant to this chapter becomes otherwise available to the State Revenue Department through access to reports of any federal agency, the Revenue Commissioner shall notify the financial institutions in writing that such financial institutions no longer have any obligation to file any report pursuant to this chapter. Each report may be in the same form as, or may be a copy of, the report required by the federal monetary transaction records and reports requirement. Notwithstanding any provision hereof to the contrary, maintaining the records and filing a copy of reports required by the federal monetary transaction records and reports requirement shall satisfy the recordkeeping and reporting requirements of this chapter. (b) Multiple transactions conducted by or for any person in any one day shall be treated as a single transaction, if the financial institution actually is aware of them and such transactions are by or on behalf of the same person. (c) Information obtained by the State Revenue Department may not be disclosed by the Revenue Commissioner or any officer or employee of the State Revenue Department, except that the Revenue Commissioner may in his discretion, if he deems it necessary or proper to the enforcement of the laws of this state or the United States and to the best interest of the public, divulge such information to any department, agency, or instrumentality of the state or federal government. (Acts 1990, No. 90-469, p. 674, §3.)
AL Code § 5-22-4 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 22 - Reports of Transactions Involving Currency.|Section 5-22-4 - Effect of Federal Exemptions.

Section 5-22-4Effect of federal exemptions. All exemptions from recordkeeping and reporting requirements under the federal monetary transaction records and reports requirement shall be available to financial institutions under this chapter. This chapter shall not require any recordkeeping or reporting of currency transactions other than those required by the federal monetary transaction records and reports requirement. (Acts 1990, No. 90-469, p. 674, §4.)
AL Code § 5-22-5 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 22 - Reports of Transactions Involving Currency.|Section 5-22-5 - When Reports May Be Disclosed.

Section 5-22-5When reports may be disclosed. Other than as provided for in Section 5-22-3, the State Revenue Department shall not provide to any person any report filed under Section 5-22-3 or any information contained therein except: (1) Pursuant to a lawful subpoena or subpoena duces tecum issued by a state attorney, a United States attorney, or a court, in a criminal judicial proceeding; (2) Pursuant to any such subpoena issued by a state or federal grand jury; or (3) Pursuant to any such subpoena issued by a state attorney, a United States attorney, or a court, in the course of a civil judicial proceeding instituted by a state attorney or by a United States attorney. (Acts 1990, No. 90-469, p. 674, §5.)
AL Code § 5-22-6 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 22 - Reports of Transactions Involving Currency.|Section 5-22-6 - Criminal Penalties.

Section 5-22-6Criminal penalties. (a) Except as provided in subsection (b) of this section, a person who willfully violates any provision of Section 5-22-3 shall in addition to other penalties provided by law, be guilty of a misdemeanor and, upon conviction thereof, shall be punished by a fine of not more than $500.00 or by imprisonment for not more than 12 months or both. (b) A person who willfully violates any provision of Section 5-22-3, when the violation is:  (1) Committed in furtherance of the commission of any other violation of Alabama law; or (2) Committed as part of a pattern of illegal activity involving transactions exceeding $100,000.00 in any 12-month period,  shall, in addition to other penalties provided by law, be guilty of a felony and, upon conviction thereof, shall be punished by a fine of not more than $500,000.00 or by imprisonment for not more than five years, or both. (Acts 1990, No. 90-469, p. 674, §6.)
AL Code § 5-22-7 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 22 - Reports of Transactions Involving Currency.|Section 5-22-7 - Immunity From Liability.

Section 5-22-7Immunity from liability. Except as provided in Section 5-22-6, no financial institution, or director, officer, employee or agent thereof, shall be civilly or criminally liable to any person for acts or omissions done in connection with the keeping or maintaining of records and providing of reports or disclosure thereof as required by this chapter and no cause of action shall exist against any financial institution, director, officer, employee or agent thereof for any action taken or not taken pursuant to or in reliance upon the provisions of this chapter. (Acts 1990, No. 90-469, p. 674, §7.)
AL Code § 5-22-8 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 22 - Reports of Transactions Involving Currency.|Section 5-22-8 - Recoupment of Costs Not Authorized.

Section 5-22-8Recoupment of costs not authorized. No part of the cost or expense incurred by the State Revenue Department in recording, maintaining, disposing of or otherwise dealing with the information received by the State Revenue Department pursuant to the provisions of this chapter or otherwise incurred by the State Revenue Department in administering the provisions of this chapter shall be imposed upon or recouped from any financial institution by fees or assessments specially levied or assessed to impose or recoup such cost or expense. (Acts 1990, No. 90-469, p. 674, §8.)
AL Code § 5-23-1 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 23 - State Sponsorship of Financial Institution Credit Card.|Section 5-23-1 - Definitions.

Section 5-23-1Definitions. The following terms shall have the meanings ascribed to them unless the context clearly indicates otherwise: (1) TREASURER. The State Treasurer of Alabama. (2) FINANCIAL INSTITUTION. Any bank, savings and loans association or credit union operating in Alabama which is chartered under federal or state statutes. (3) FINANCIAL INSTITUTION CREDIT CARD. A credit card that entitles the holder to make open-account purchases up to an approved amount and which is issued through a financial institution. (4) SPONSORING ENTITY. An entity, including specifically the State of Alabama, which solicits the use of a particular financial institution credit card bearing the entity's name in exchange for a fee from the credit card issuer. (5) STATE FEES. All moneys generated from this program that are remitted to the State of Alabama. (Acts 1990, No. 90-524, p. 764, §1.)
AL Code § 5-23-2 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 23 - State Sponsorship of Financial Institution Credit Card.|Section 5-23-2 - State Participation in Financial Institution Credit Card Program; Contact With Financial Institutions.

Section 5-23-2State participation in financial institution credit card program; contact with financial institutions. The State Treasurer is hereby authorized to participate in a financial institution credit card program for the benefit of the state. Within 180 days of April 19, 1990, the Treasurer shall contact as many financial institutions as, in the Treasurer's discretion is necessary, to determine if: (1) The financial institution or its holding company or affiliate currently administers a credit card program; (2) The credit card program provides a fee or commission on retail sales to the sponsoring entity for the issuance and use of the credit card; and (3) The credit card program would accept the state as a sponsoring entity. (Acts 1990, No. 90-524, p. 764, §2.)
AL Code § 5-23-3 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 23 - State Sponsorship of Financial Institution Credit Card.|Section 5-23-3 - Negotiation of State's Fee; Contracts With Financial Institutions; Use of State Seal and Insignia.

Section 5-23-3Negotiation of state's fee; contracts with financial institutions; use of state seal and insignia. (a) If the Treasurer determines that the state may be a sponsoring entity for a financial institution credit card, he shall negotiate and contract for the most favorable rate of return for the state's fee by a credit card issuer. The state may not offer a more favorable rate to any one credit card issuer over another. The rate must be expressed as a percentage of the gross sales from the use of the credit card. (b) In participating in a credit card program, the State Treasurer may contract with any number of financial institutions in order to establish the state as a sponsoring entity. (c) There shall be only one official state sponsored credit card at any given time, and it shall be the official state sponsored credit card authorized by this chapter. It is provided further that the card issuer is authorized to use the official state seal and insignia on said official card. (d) The state shall not contract to assume any liability for lost or stolen credit cards, nor any other legal debt owed to the financial institutions. (e) The Treasurer is specifically authorized to extend any contract with a financial institution or institutions previously selected for the credit card program. (Acts 1990, No. 90-524, p. 764, §3.)
AL Code § 5-23-4 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 23 - State Sponsorship of Financial Institution Credit Card.|Section 5-23-4 - Proceeds.

Section 5-23-4Proceeds. The net proceeds of the state fees shall be transmitted to the state Comptroller and distributed as follows: (1) Seventy-five percent to the Foundation for Local Schools as provided in Chapter 26C of Title 16, to be allocated to the credit of local school systems.  (2) Twenty-five percent to the Penny Trust Fund as established by Amendment 512 of the Constitution of Alabama of 1901, and by Chapter 15A of Title 41. (Acts 1990, No. 90-524, p. 764, §5; Act 98-319, p. 535, §11.)
AL Code § 5-23-5 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 23 - State Sponsorship of Financial Institution Credit Card.|Section 5-23-5 - Rules and Regulations.

Section 5-23-5Rules and regulations. The State Treasurer is authorized to adopt such rules and regulations as may be necessary to implement the Alabama state-sponsored credit card program. The rules may include, without limitation, provisions governing the procedures for contacting financial institutions to determine if they would accept the state as a sponsoring entity for a credit card program and for negotiating, and collecting, the rate for the state's fee. The financial institution which administers the program may name or rename the card. (Acts 1990, No. 90-524, p. 764, §6; Act 98-319, p. 535, §12.)
AL Code § 5-23-6 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 23 - State Sponsorship of Financial Institution Credit Card.|Section 5-23-6 - Disclosure of Information.

Section 5-23-6Disclosure of information.  It shall be legal and permissible for the financial institution to request and receive from the state Comptroller a listing of all members of the Teachers' Retirement System, the Employees' Retirement System, and the Judicial Retirement System, including the names and addresses of the members on discs, tapes, or other appropriate electronic retrieval systems at actual costs. It shall also be legal and permissible for the financial institution to receive the names and addresses of all persons who purchase the "Helping Schools" distinctive car tags, if the purchasers of the tags have not signed forms disallowing the release of their names and addresses as provided by federal regulations. The financial institution may use the information only for informational or promotional purposes, or both, pertaining to the Alabama state-sponsored credit card card programs as provided by this chapter. (Act 99-592, p. 1354, §4.)
AL Code § 5-25-1 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 25 - Mortgage Brokers Licensing Act.|Section 5-25-1 - Short Title.

Section 5-25-1Short title.  This chapter shall be known and cited as the Mortgage Brokers Licensing Act. (Act 2001-692, p. 1439, §1.)
AL Code § 5-25-3 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 25 - Mortgage Brokers Licensing Act.|Section 5-25-3 - Persons Excluded.

Section 5-25-3Persons excluded. The following persons are not subject to the provisions of this chapter: (1) Any depository institution as defined in Section 3 of the Federal Deposit Insurance Act, any subsidiary institution that is owned and controlled by a depository institution, and employees of any of the foregoing. Bank holding companies and subsidiaries of bank holding companies, thrift holding companies and subsidiaries of thrift holding companies, trust companies, savings or building and loan associations, savings banks and other thrift institutions, credit unions, and all other affiliates of each of the above persons if more than 50 percent of the affiliate's shares or other ownership interests are owned or controlled by such person, and federally or state constituted agencies and employees of any of the foregoing. (2) Any person licensed under Section 5-19-22. (3) An attorney licensed to practice law in Alabama who is not principally engaged in negotiating mortgage loans when the attorney renders services in the course of his or her practice as an attorney. (4) Any person performing any act relating to mortgage loans under order of any court. (5) A natural person: a. Who is employed by a licensed mortgage broker or any person exempted from the licensing requirements of this chapter when acting within the scope of employment with the licensee or exempted person; however, mortgage loan originators must be licensed or registered in accordance with the Alabama Secure and Fair Enforcement for Mortgage Licensing Act; or b. Who solicits mortgage loans exclusively on behalf of a licensed mortgage broker or any person exempted from the licensing requirements of this chapter when the natural person is acting within the scope of the agency of the licensee or exempted person; however, independent contractors that originate, process, or underwrite mortgage loans shall not originate, process, or underwrite mortgage loans unless they are licensed or registered in accordance with the Alabama Secure and Fair Enforcement for Mortgage Licensing Act.  (6) Any licensed real estate salesperson or broker who provides mortgage loan assistance in the course of doing business unless the real estate salesperson or broker is compensated for providing mortgage loan assistance. (Act 2001-692, p. 1439, §3; Act 2009-624, p. 1891, §1.)
AL Code § 5-25-4 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 25 - Mortgage Brokers Licensing Act.|Section 5-25-4 - License to Transact Business as a Mortgage Broker.

Section 5-25-4License to transact business as a mortgage broker. (a) On and after January 1, 2002, no person shall transact business in this state directly or indirectly as a mortgage broker unless he or she is licensed as a mortgage broker by the department, or is a person exempted from the licensing requirements pursuant to Section 5-25-3. (b) A licensee shall obtain a license for each location where the business of the mortgage broker is transacted. (c) On or after January 1, 2002, every person who directly or indirectly controls a person who violates subsection (a), including a general partner, executive officer, joint venturer, or director of the person, violates subsection (a) with and to the same extent as the person, unless the person whose violation arises under this subsection sustains the burden of proof that he or she did not know and, in the exercise of reasonable care, could not have known of the existence of the facts by reason of which the original violation is alleged to exist. (d) A violation of subsection (a), (b), or (c) does not affect the obligation of the borrower under the terms of the mortgage loan, or the enforceability of the mortgage loan documents. No private cause of action exists against a mortgage broker, licensee, or any person who controls a mortgage broker for any violation of subsection (a), (b), or (c). The department shall provide for the distribution or availability of information regarding approved or revoked licenses. (Act 2001-692, p. 1439, §4.)
AL Code § 5-25-6 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 25 - Mortgage Brokers Licensing Act.|Section 5-25-6 - Issuance of License.

Section 5-25-6Issuance of license.  (a) Upon receipt of a completed application for a license together with all items set forth in subsection (c) of Section 5-25-5, the department shall conduct such an investigation as it deems necessary to determine that the applicant and its officers, directors, and principals are of good character and ethical reputation and will operate honestly and fairly within the purposes of this chapter; and that the applicant demonstrates reasonable financial responsibility. (b) The department may not license any applicant unless it is satisfied that the applicant may be expected to operate its mortgage brokerage activities in compliance with the laws of this state. (c) The department may not issue a license if it finds that the applicant, or any person who is a director, executive officer, partner, or principal of the applicant, has been convicted of a felony or offense which involves breach of trust, fraud, or dishonesty in any jurisdiction. For the purposes of this chapter, a person shall be deemed to have been convicted if the person has pled guilty to a crime before a domestic, foreign, or military court or federal magistrate, or has been found guilty of a crime by the decision or judgment of a domestic, foreign, or military court or federal magistrate or by the verdict of a jury, irrespective of the pronouncement of sentence or the suspension of a sentence. (d) The department may deny a license or otherwise restrict a license if it finds that the applicant, or any person who is a director, executive officer, partner, or principal of the applicant, has had a license or registration to conduct mortgage related activity denied, revoked, or suspended in any jurisdiction. (e) Within 90 days after receipt of a completed application together with all items set forth in subsection (c) of Section 5-25-5, the department shall either grant or deny the request for license. (Act 2001-692, p. 1439, §6; Act 2009-624, p. 1891, §1.)
AL Code § 5-25-7 (2021)
2021 Code of Alabama|Title 5 - Banks and Financial Institutions.|Chapter 25 - Mortgage Brokers Licensing Act.|Section 5-25-7 - Expiration and Renewal.

Section 5-25-7Expiration and renewal. (a) All licenses issued pursuant to this chapter shall expire on December 31 of each year. Application for renewal shall be made annually on or before December 1 of each year to be effective for the following year. (b) Any licensee making proper application, including all supporting documents and all applicable fees required by this chapter and any regulations promulgated by the department, for a license renewal to operate during the following calendar year, and filing the application December 1, shall be permitted to continue to operate pending final approval or disapproval of the application for the license renewal for the following year if final approval or disapproval is not granted prior to February 1. (c) Each renewal application shall be accompanied by a five hundred dollar ($500) annual license application fee, which fee will not be refunded or prorated. (d) Any person holding a license pursuant to this chapter who fails to file a proper application for a license renewal for the following year, including the proper fee accompanying the application, on or before February 1, and who files an application after February 1, may be required to pay, in addition to the license fee, a penalty of 10 percent for each month or part thereof that the licensee is delinquent in the payment of such license fee. (e) The department may require a licensee to renew a license through the Nationwide Mortgage Licensing System and Registry. (Act 2001-692, p. 1439, §7; Act 2009-624, p. 1891, §1.)