Code of Alabama - Title 5: Banks and Financial Institutions - Section 5-22-8 - Recoupment of costs not authorized

Section 5-22-8 - Recoupment of costs not authorized.

No part of the cost or expense incurred by the State Revenue Department in recording, maintaining, disposing of or otherwise dealing with the information received by the State Revenue Department pursuant to the provisions of this chapter or otherwise incurred by the State Revenue Department in administering the provisions of this chapter shall be imposed upon or recouped from any financial institution by fees or assessments specially levied or assessed to impose or recoup such cost or expense.

(Acts 1990, No. 90-469, p. 674, §8.)

Last modified: May 3, 2021