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Alabama Non-Dealer Designated Agent Out of State Financial Institution Surety Bonds
The State of Alabama Department of Revenue, Motor Vehicle Division is responsible for the licensing of non-dealer designated agents out-of-state financial institutions. The Code of Alabama 1975, Sections 32-8-34 and 32-20-22, defines the non-dealer designated agent license requirements.
Surety Bond and License Requirements:
- Complete the online application (ETAPS) for Non-Dealer Designated Agent for Out of State Financial Institutions and payment of the license fee.
- Applicants must attend the two six-hour training classes before their ETAPS account will be activated. The training class covers titling procedures and ETAPS user training.
- Attach a copy of the company’s state business or regulatory license.
- A $25,000 surety bond is required only if the out of state financial institution will be titling manufactured homes. A copy of the surety bond will need to be uploaded as an attachment to the license application.
How Much Will an Alabama Bond Cost?
The premium that you pay for an Alabama Non-Dealer Designated Agent Out-of-State Financial Institution (manufactured homes only) Surety Bond is dependent on credit.
Did You Know?
A separate application must be submitted for each branch or location.
Related Links: Alabama Department of Revenue - Dealer License / Designated Agent Alabama Department of Revenue - Non-Dealer Application for Designated Agent Alabama Financial Institution Non-Dealer Designated Agent Surety Bond
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