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:

1. (a) A certificate of receipt of penalty signed and dated by recipient of the payment.
2. (b) A photocopy of the negotiated instrument of penalty payment (in check, money order, etc.).
3. (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.