Mortgage investments on condominium property
- Statute:
- Alabama §35-8-19 · Chapter COA (Condominium Ownership Act (Ala. Code §§ 35-8-1 to 35-8-22))
- Topic:
- Ownership · Mortgage investments
- Applies to:
- Condo associations
Fiduciaries and regulated lenders may invest in mortgages on condominium units on the same basis as mortgages on other real property, as this section provides.
📄 Read the official text at alison.legislature.state.al.us →
How SoShiny helps with Mortgage investments on condominium property
SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees.
See the feature → Start freeFrequently asked
- What does Alabama §35-8-19 require?
- Fiduciaries and regulated lenders may invest in mortgages on condominium units on the same basis as mortgages on other real property, as this section provides.
- Who does Alabama §35-8-19 apply to?
- Alabama §35-8-19 applies to Condo associations in Alabama.
- What happens if our pre-1991 condo doesn't comply with §35-8-19?
- Non-compliance can expose the association and individual directors to disputes in the governing forum for Alabama community associations. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
- Where can I read the official text of Alabama §35-8-19?
- The official text is published by the Alabama Legislature at alison.legislature.state.al.us. The summary on this page is for plain-English reference only and is not legal advice.
- How does SoShiny help with Mortgage investments on condominium property?
- SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees. Learn more →
Not legal advice. This page is a plain-English summary of Alabama §35-8-19 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a Alabama-licensed attorney. For the official statutory text, see the link above.
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