Notice Of Payment Of Penalty

80-1-5-.15 Notice Of Payment Of Penalty. When a penalty is assessed under provisions of Code of Ala. 1975, §2-21-29, of the Law, the Commissioner shall be notified by the guarantor of payments of such penalty to the consumer by one of the following methods:

(a) A certificate of receipt of penalty signed and dated by recipient of the payment.

(b) A photocopy of the negotiated instrument of penalty payment (in check, money order, etc.).

(c) A photocopy of a credit memo on recipient's account endorsed by recipient acknowledging notice of credit to his account. Author: Charles H. Barnes Statutory Authority: Code of Ala. 1975, §2-21-25. History: January 1, 1979. Amended: July 9, 1980.