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AL HB663
Bill
Status
5/14/2015
Primary Sponsor
Jack Williams
Click for details
AI Summary
HB663 Summary
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Expands eligibility to purchase at salvage pools and salvage disposal sales to include firms, persons, or corporations domiciled in other states or jurisdictions that hold a similar license.
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Eliminates the requirement that purchasers must be licensed automotive dismantler and parts recycler agents or employees to obtain a buyer's identification card.
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Requires automotive dismantler and parts recycler licensees to deposit a $10,000 bond with the Commissioner of Revenue, with the same requirements as motor vehicle dealer bonds.
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Authorizes the department to allow a motor vehicle dealer's surety bond to serve in lieu of a separate bond for automotive dismantler licensees.
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Repeals Section 40-12-422 regarding salvage dealers licensed in other states and revokes all previously issued buyer identification cards, requiring resubmission of applications and payment of fees.
Legislative Description
Motor vehicles, salvage pools and salvage disposal, qualifications for sales revised, notice to purchasers required, surety bond requirements revised, Secs. 40-12-414, 40-12-421 am'd.; Sec. 40-12-422 repealed
Motor Vehicles
Last Action
Read for the first time and referred to the House of Representatives committee on Public Safety and Homeland Security
5/14/2015