An Alabama Automotive Dismantler and Parts Recycler Bond and a license issued by the Alabama Department of Revenue are require to engage in the business of an automotive dismantler and parts recycler. By law, a person, firm, or corporation engaged in the business of purchasing and dismantling, disassembling or repairing, wrecked, abandoned, or repairable motor vehicles and selling the usable parts thereof, or selling such wrecked, abandoned, or repairable motor vehicles as a unit at wholesale, or selling the hulk of the vehicle after the salvageable parts have been removed must provide the Alabama automotive dismantler and parts recycler bond. Further, a person, firm, or corporation shall be presumed to be engaging in the business of an automotive dismantler and parts recycler if such person, firm, or corporation shall possess 10 or more inoperable motor vehicles for more than 30 days, except where such inoperable motor vehicles are being held by a licensed junk dealer or scrap processor for the purpose of recycling scrap metal, or are being held by a licensed repair business awaiting repairs. The Alabama automotive dismantler and parts recycler bond must be written on Form LIC: 756-2 entitled “Bond of Automotive Dismantler and Parts Recycler” in the amount of $10,000 and must be completed by a qualified surety company authorized in the State of Alabama. The surety bond obligation states, “the Principal has been duly licensed as an “automotive dismantler and parts recycler” by the Alabama Department of Revenue as provided for in the Sections 40-12-410 through 40-12-425, Code of Alabama 1975, subject to the execution of bond, therefore the Principal shall well and faithfully perform the duties as such “automotive dismantler and parts recycler,” (as per the Code). Alabama surety leader, Surety One, Inc. offers motor vehicle recycler bonds and dealer bonds in all states where they are required by law. Our special programs allow us to offer you bonding regardless of your credit and financial condition. Visit us at SuretyOne.com, call (787) 333-0222 or (800) 373-2804, or email us at Underwriting@SuretyOne.com for an Alabama automotive dismantler and parts recycler bond application or for information on any surety need.
