(a) Any person required by the provisions of this article, and more particularly Sections 35-10-21 through 35-10-24 thereof, to make any entry of partial payment on the margin of the record may fully discharge his obligation to make such entry by executing a separate instrument which properly identifies such mortgage, deed of trust, or other encumbrance, and which clearly states the information required otherwise to be entered on the record or margin thereof, and by delivering such instrument or depositing the same in the United States mail properly stamped and addressed, to the person who requests such entry, but the person requested to make such entry shall not be required to file such separate instrument for record; provided, that such separate instrument so to be furnished shall be so prepared and acknowledged that the same shall be admitted to record in the office of the judge of probate where such mortgage, deed of trust, or other encumbrance is recorded.
(b) The execution and delivery, as provided in this section, of the separate instrument setting forth the date and amount of credit or partial payment shall be conclusively deemed to be a full compliance with any requirement of the provisions of said sections 35-10-21 through 35-10-24 for entry of partial payments on any record in any probate office of this state.
Structure Code of Alabama
Article 2 - Satisfaction of Mortgage Liens.
Section 35-10-20 - When Indebtedness Presumed to Have Been Paid.
Section 35-10-21 - When Payment Required to Be Entered in Record.
Section 35-10-22 - Partial Payments - When Entered on Margin of Record.
Section 35-10-23 - Partial Payments - Notices or Demands to Enter Partial Payments or Satisfaction.
Section 35-10-24 - Partial Payments - Entry by Execution and Delivery of Separate Instrument.
Section 35-10-25 - Executors and Administrators Authorized to Execute Releases, Etc.
Section 35-10-26 - Title Revested Upon Payment of Debt.
Section 35-10-27 - Entry of Full Payment or Satisfaction in Record - Generally.