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.
The premium that you pay for an Alabama Non-Dealer Designated Agent Pawnshop Surety Bond is dependent on credit.
A separate application must be submitted for each branch or location.
Check out our FAQ page or What’s a Surety Bond? page. Should you need or choose to buy a surety bond, buy from us. SuretyGroup.com has been underwriting surety bonds throughout the U.S. for more than 35 years. When you work with us, you enjoy the unique benefit of dealing with a team of highly experienced surety agents with in-house underwriting authority. This allows you to receive competitive, low rates, quick approvals, and immediate bond delivery. In most cases, your bond will be delivered within 24 hours after you apply for it.
For a downloadable application