Alabama Increases Used Car Dealer Bond Amount
As of August 1, 2014, used motor vehicle car dealers required surety bond amount increased from $10,000 to $25,000. New and used motor vehicle dealers, wholesale dealers, reconditioners and rebuilders in Alabama are required to have an Alabama car dealer bond- also referred to as the Alabama motor vehicle dealer bond, MVD bond, auto dealer bond or DMV bond.
In order for used car dealers, designated agents and dismantlers to remain in compliance with license and law requirements, bonds will need to be renewed by September 30.
Even though the renewal date has passed, American Surety Bonds Agency has a program in place that will allow you to still renew your bond and remain in compliance.
American Surety Bonds Agency can approve, write and issue franchise, and used auto dealer bonds in our office in Atlanta. Our agency provides fast, easy & accurate bonding services. We are available to talk over the phone, chat online, or speak in person. Our mission is to provide you your bond TODAY!