How much does a parts recycler bond cost in Alabama?
The Severance and License Section of the Alabama Department of Revenue’s Business and License Tax Division requires automotive dismantlers and parts recyclers to post $25,000 surety bonds.
SuretyBonds.com issues these bonds instantly for just $225. Simply click Buy Now to purchase your bond online using our secure bond checkout. In just a few minutes you can be on your way to getting bonded as an automotive dismantler and parts recycler in Alabama.
|Bond Type||Bond Amount||Cost|
|$25,000 Automotive Dismantler and Parts Recycler Bond||$25,000||$225|
Why do I need this bond?
By posting an Alabama automotive dismantler and parts recycler surety bond, principals (dismantlers and recyclers) pledge to conduct business ethically and lawfully. If the principal fails to comply with these terms, the bond protects harmed parties from financial loss up to the full amount of the bond. The principal must reimburse the surety for all damages paid out.
What’s the fine print?
Automotive dismantler and parts recycler bonds in Alabama remain effective until canceled. The surety can cancel the bond and be released from all liability by filing written request to the Department of Revenue at least 60 days prior to the cancellation’s effective date.
The bond form will be rejected unless all of the following information is included:
- City, county and state in which business is located
- Name and address of surety company providing coverage
- Issuance date of bond
- Telephone number of agent
How to become an automotive dismantler or parts recycler in Alabama
Every person, firm or corporation desiring to engage in the business of an automotive dismantler and parts recycler must apply by completing a registration form and submitting the required application fee online.
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