{"id":1386,"date":"2014-05-31T22:21:19","date_gmt":"2014-05-31T22:21:19","guid":{"rendered":"http:\/\/suretyone.com\/blog\/?p=1386"},"modified":"2021-06-20T22:15:02","modified_gmt":"2021-06-20T22:15:02","slug":"alabama-motor-vehicle-dealer-surety-bond-act-539","status":"publish","type":"post","link":"https:\/\/suretyone.com\/blog\/alabama-motor-vehicle-dealer-surety-bond-act-539\/","title":{"rendered":"Alabama Motor Vehicle Dealer Surety Bond (Act 539)."},"content":{"rendered":"

On March 5th, 2014, the State Legislature delivered a new dealer law to the Governor for signature which brings uniformity to the licensing procedure. \u00a0An Alabama Motor Vehicle Dealer Bond<\/strong><\/a> in the amount of $25,000 will be required from ALL dealers upon ratification. \u00a0This is a significant change for those dealers in used cars only that before passage of the statute were required only to offer a $10,000 surety bond. \u00a0Pursuant to the new law \u00a740-12-398, Before any license shall be issued to a new motor vehicle dealer, used motor vehicle dealer, motor vehicle rebuilder, or motor vehicle wholesaler, the applicant shall deliver to the Commissioner a good and sufficient surety bond, executed by the applicant as principal and by a corporate surety company qualified to do business in the state as surety in the sum of twenty-five thousand dollars ($25,000). Such Alabama motor vehicle dealer surety bond<\/strong> shall be in a form to be approved by the Commissioner<\/a>, and shall be conditioned that the motor vehicle dealer, motor vehicle rebuilder, or motor vehicle wholesaler shall comply with the conditions of any contract made by such dealer in connection with the sale or exchange of any motor vehicle and shall not violate any of the provisions of law relating to the conduct of the business for which he is licensed. \u00a0The dealer bond shall be payable to the Commissioner and to his successors in office, and shall be in favor of any person who shall recover any judgment for any loss as a result of any violation of the conditions contained. \u00a0The motor vehicle dealer bond<\/strong><\/a> shall serve in lieu of the bond provided for in subsection (b) of Section 32-8-34 and, in addition to all other conditions, shall also be conditioned upon their performance of their duties as a designated agent under Chapter 8 of Title 32.<\/p>\n

Submission of the Alabama motor vehicle dealer bond and license materials should be directed to the Commissioner at:<\/p>\n

Alabama Department of Revenue
\nMotor Vehicle Dealer Surety Bonds<\/strong>
\n50 North Ripley Street
\nMontgomery, AL 36104
\nTelephone Information Line (334) 242-1170<\/p>\n

Alabama surety bond leader<\/strong>,\u00a0Surety One, Inc.\u00a0is available for same-day servicing of your new or renewal dealer bond request. Our special programs allow us to offer you bonding regardless of your credit and financial condition Even if you have been given a renewal quote you can get another from us IMMEDIATELY. Do you operate in multiple states? \u00a0No problem! \u00a0We offer motor vehicle dealer bonds\u00a0in all states where they are required by law. \u00a0Click here<\/a> for our MVD bond guide. \u00a0We also offer certificate of title bonds and lien release bonds which are sometimes needed in the course of your dealership operations. Visit us at\u00a0SuretyOne.com<\/a>, call\u00a0(800) 373-2804<\/span>, or email us at\u00a0Underwriting@SuretyOne.com<\/span>\u00a0for an Alabama motor vehicle dealer surety bond<\/strong>\u00a0application or for information on any surety need.<\/p>\n","protected":false},"excerpt":{"rendered":"

On March 5th, 2014, the State Legislature delivered a new dealer law to the Governor for signature which brings uniformity to the licensing procedure. \u00a0An Alabama Motor Vehicle Dealer Bond in the amount of $25,000 will be required from ALL… Continue Reading →<\/a><\/p>\n","protected":false},"author":1,"featured_media":3074,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[159],"tags":[1717,1721,1719,266,1718,1720,161],"yoast_head":"\nAlabama Motor Vehicle Dealer Surety Bond (Act 539). • Surety One, Inc.<\/title>\n<meta name=\"description\" content=\"An Alabama motor vehicle dealer surety bond in the amount of $25,000 is required of all auto dealers pursuant to new \u00a740-12-398\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/suretyone.com\/blog\/alabama-motor-vehicle-dealer-surety-bond-act-539\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alabama Motor Vehicle Dealer Surety Bond (Act 539). • Surety One, Inc.\" \/>\n<meta property=\"og:description\" content=\"An Alabama motor vehicle dealer surety bond in the amount of $25,000 is required of all auto dealers pursuant to new \u00a740-12-398\" \/>\n<meta property=\"og:url\" content=\"https:\/\/suretyone.com\/blog\/alabama-motor-vehicle-dealer-surety-bond-act-539\/\" \/>\n<meta property=\"og:site_name\" content=\"Surety One, Inc.\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Surety1\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/Surety1\" \/>\n<meta property=\"article:published_time\" content=\"2014-05-31T22:21:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-06-20T22:15:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/suretyone.com\/blog\/wp-content\/uploads\/auto_dealer_bond-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"627\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@SuretyOne\" \/>\n<meta name=\"twitter:site\" content=\"@SuretyOne\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"C. 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