Ala. Admin. Code r. 810-5-75-.52 - Designated Agent Appointments
(1) The following entities, if legally
authorized to do business in Alabama, may apply to become designated agents of
the department:
(a) Financial
Institutions.
(b) Pawnshops
licensed to enter into pawn transactions on motor vehicles.
(c) Insurance companies.
(d) Towing Companies.
(e) Manufactured Home Dealers as defined in
§
32-20-2(1),
Code of Ala. 1975.
(f) Motor Vehicle Dealers as defined in
§
32-8-2, Code of Ala.
1975.
(g) Vessel
Dealers as defined in §
33-5B-2, Code of Ala.
1975.
(2)
The Department may appoint third parties (e.g. law firms) as its designated
agents under §
32-20-22, Code of Ala.
1975, to complete and submit title applications for manufactured
homes.
(3) The applicant must
provide the department a good and sufficient surety bond, executed by the
applicant as principal by a corporate surety company qualified to do business
in the state as surety, in a sum provided in §
40-12-398, Code of
Ala. 1975. The bond shall be conditioned upon the faithful
performance of its duties as a designated agent under Chapter 8 or Chapter 20
of Title 32, Code of Ala. 1975. The bond shall be
payable to the commissioner and must be in favor of any person who recovers any
judgment for any loss as a result of any violation of the conditions of the
bond.
(4) Designated agents that
qualify under both §
32-8-34 and §
32-20-22 may have only one
department assigned designated agent number. A revocation of designated agent
status under §
32-8-34 or §
32-20-22 shall serve as a
revocation under both.
(5) An
entity located outside of Alabama, except third parties as authorized under
§
32-20-22, is prohibited from being
appointed as a designated agent of the department. Designated agents of the
department located outside of Alabama that were qualified prior to January 1,
2004, may continue to operate as a designated agent of the department until
their designated agent status is cancelled or revoked.
Notes
Was previously 810-5-4-.01 and moved to 810-5-75-.52 as per certification filed April 21, 2010; effective May 26, 2010.
Author: James Starling, Lisa Blankenship
Statutory Authority: Code of Ala. 1975, §§ 40-2A-7(a)(5), Chapter 8 of Title 32, 32-20-22, Chapter 5B of Title 33, 40-12-398, and Rule 810-5-75-.65.
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