Alabama Administrative Code
Title 810 - ALABAMA DEPARTMENT OF REVENUE
Chapter 810-5-12 - DEALER LICENSE
Section 810-5-12-.07 - Application For Motor Vehicle Wholesale Auction License

Universal Citation: AL Admin Code R 810-5-12-.07

Current through Register Vol. 42, No. 11, August 30, 2024

(1) All motor vehicle wholesale auction license applications must be filed electronically. In addition to the application, the applicant must provide the following in order to complete the application:

(a) A payment of one hundred and twenty-five-dollar ($125) application fee as determined under § 40-12-447, Code of Ala. 1975

(b) A properly executed surety bond.

(c) A copy of the driver license or non-driver identification card for all owner(s), partners, members, officers, and directors.

(2) Licenses must be renewed on October 1 each year and thirty (30) days of grace shall be allowed without penalty. After thirty (30) days, a penalty of fifteen percent (15%) of the license amount as provided in § 40-12-447, Code of Ala. 1975 shall be applied.

(3) The licensee must maintain records for every motor vehicle purchased, sold, exchanged, or held for sale at the location of the licensee for five (5) years, as provided by § 40-12-446, Code of Ala. 1975. The department shall require monthly or other periodic electronic reporting of all sales of motor vehicles during the reporting period at the motor vehicle auction, as provided by § 40-12-446, Code of Ala. 1975.

(a) The records and reporting information must include, but not be limited to the following:
1. Complete description of each motor vehicle, including the vehicle identification number, year, make and model of each motor vehicle.

2. Name and address of any seller and purchaser.

3. Dealer number of seller and purchaser.

4. Date of transaction.

5. Purchase and sales price of vehicle.

(b) These records are open to inspection by representatives of the department and law enforcement officers during reasonable business hours. A licensee may maintain a record in an electronic format if the licensee can print the record at the licensed location upon request.

Author: Lisa Blankenship

Statutory Authority: Code of Ala. 1975, §§ 40-2A-7(a)(5), 40-12-446, 40-12-447, 40-12-448.

Disclaimer: These regulations may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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