Alabama Non-Dealer Designated Agent Pawnshop Surety Bonds

The State of Alabama Department of Revenue, Motor Vehicle Division is responsible for the licensing of non-dealer designated agents for pawnshops. Pawnshops that accept vehicles for as pledged goods for loan may redeem the forfeited security following the 30 day waiting period and an application for a new title can be requested.

The Code of Alabama 1975, Sections 32-8-34 and 32-20-22, defines the non-dealer designated agent license requirements. Pawnshops that act in the capacity of a designated agent are required to obtain a surety bond to ensure compliance of state laws and faithful performance of duties in the titling of motor vehicles or manufactured homes.

Surety Bond and License Requirements:

1. Completion of the online application (ETAPS) for Non-Dealer Designated Agent Pawnshop and payment of the license fee.
2. 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.
3. Attach a copy of the applicants pawnshop license.
4. A $25,000 surety bond is required for the non-dealer designated agent license. A copy of the surety bond will need to be uploaded as an attachment to the license application.

How Much Will a Non-Dealer Designated Agent Pawnshop Bond Cost?

The premium that you pay for an Alabama Non-Dealer Designated Agent Pawnshop Surety Bond is dependent on credit. Our rates start at .75% of the bond amount with good credit. Contact our Surety Bond Agents for a free quote.

Did You Know?

A separate application must be submitted for each branch or location.

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