(a) If, for 30 days after such request, the mortgagee or assignee or transferee, trustee or cestui que trust, fails to make any entry required by this article he forfeits to the party making the request $200.00 unless there is pending, or there is instituted, an action within that time, in which the fact of partial payment or satisfaction is or may be contested. In construing this article, the right of action given herein shall be considered as a personal right, and shall not be lost or waived by a sale of the property covered by the mortgage or deed of trust before a demand was made for the satisfaction to be entered upon the record.
(b) All actions for the recovery of the penalties mentioned in this article shall be brought in the county where such mortgage or other instrument is recorded.
(c) This section does not apply to satisfactions of residential mortgages which are governed by the Alabama Residential Mortgage Satisfaction Act.
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.