The Alabama Auto Dismantler Surety Bond is required to obtain a license from the state of Alabama. A person or firm cannot operate an automotive dismantler and parts recycler business unless they have been given a license by the Alabama Department of Revenue. An automotive dismantler is any person or firm that has in their possession at least 10 or more inoperable vehicles for more than 30 days. Aside from having the said vehicles, you are also considered to be in the business if engage in disassembling the said vehicles, selling the parts or selling the vehicles as a whole.
How do I get an Auto Dismantler License?
If you want to operate that kind of business, you will need to apply for a license with the Alabama Department of Revenue. First off, you will need a National Motor Vehicle Title Information System registration number or NMVTIS. This is a mandatory requirement, and if you do not have one, you can find more information here. You will also need to submit an electronic application at https://mvlicense.mvtrip.alabama.gov and pay $225 by credit card for the license cost. Once you’ve printed the documents, you can just bring it to the department, along with an auto dismantler surety bond and a Power of Attorney. It will then be reviewed, and if approved, you can print your license and operate your business.
What is the Alabama Auto Dismantler Surety Bond for and what does it do?
The Alabama Department of Revenue requires an Auto Dismantler Surety bond to be included in the application for the auto dismantler license. The bond is required to be in the amount of $25,000. This bond is an agreement between three parties, specifically, the principal, which is you, the obligee, the institution or entity which requires the bond, which in this case is the Department of Revenue, and the surety, which is the company who backs the bond. This bond is needed to protect the public and ensure that you will conduct your business in a professional manner.
How can I apply for an Alabama Auto Dismantler Surety Bond?
Getting an Alabama Auto Dismantler Surety Bond is easy. All you need to is to fill out an easy to navigate online application form. Once we receive the application one of our licensed agents will contact you with a firm quote. Then you will sign some paper work, make the payment and your Auto Dismantler Bond will be mailed to you. The entire process can take less than a day. Our company, Surety Solutions Insurance Services, Inc. (Surety1) has been issuing Alabama surety bonds since 2003, and we are also rated A+ by the Better Business Bureau.