Notification.

(a) Notification of recordation. Within 5 business days of recordation of a NO X allowance transfer under § 96.61, the Administrator will notify each party to the transfer. Notice will be given to the NO X authorized account representatives of both the transferror and transferee accounts. (b) Notification of non-recordation. Within 10 business days of receipt of a NO X allowance transfer that fails to meet the requirements of § 96.61(a), the Administrator will notify the NO X authorized account representatives of both accounts subject to the transfer of: (1) A decision not to record the transfer, and (2) The reasons for such non-recordation. (c) Nothing in this section shall preclude the submission of a NO X allowance transfer for recordation following notification of non-recordation.