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 $10,000 surety bonds.
SuretyBonds.com issues these bonds for just $100. There’s no credit check required, so everyone qualifies instantly. Purchase the Alabama surety bond you need now!
|Bond Type||Bond Amount||Cost*|
|Automotive Dismantler and Parts Recycler Bond||$10,000||$100||Buy Now|
5 minutes and $100 is all it takes to get bonded when you choose SuretyBonds.com. Call 1 (800) 308-4358 or click here to get started!
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 in full force and effect until canceled. The surety can cancel the bond and be released from all liability to the state by filing written request to be released and discharged with the Department of Revenue. Liability ends 60 days after the request is filed.
The completed bond form must indicate the following:
- the city, county and state in which the business is located
- the name and address of the surety company providing the coverage
- the issue date of the bond
- the telephone number of the agent
How to become an automotive dismantler / 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 at www.MyAlabamaTaxes.alabama.gov.
More licensing information can be accessed from the Important Links section of this page.
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