Uniform State Test (UST) · 11% of the SAFE exameasy
Correct answer: $25,000
Alabama requires mortgage brokers to maintain a minimum of $25,000 in bona fide and verifiable tangible net worth capital. This must be demonstrated during the initial application and maintained throughout licensure. "Tangible" means real assets minus intangibles like goodwill. The $25,000 figure is specific to Alabama — do not confuse with other states' requirements or the surety bond amounts. Source: Alabama Mortgage Brokers Licensing Act.
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