Ala. Admin. Code r. 810-5-12-.07 - Application For Motor Vehicle Wholesale Auction License
(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.
Notes
Author: Lisa Blankenship
Statutory Authority: Code of Ala. 1975, §§ 40-2A-7(a)(5), 40-12-446, 40-12-447, 40-12-448.
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