HB663 Alabama 2015 Session

Summary

Primary Sponsor

Jack Williams

Republican

Session

Regular Session 2015

Title

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notice to purchasers required, surety bond requirements revised, Secs. 40-12-414, 40-12-421 am'd.; Sec. 40-12-422 repealed

Summary

HB663 would broaden who can buy at salvage pools, revise bond requirements for licensees, and repeal a rule about out-of-state salvage dealers.

What This Bill Does

It expands eligibility to buy at salvage pools to any firm, person, or corporation from another state that has a similar salvage license. It changes bond requirements by requiring a $10,000 bond (cash or continuing bond) to be deposited with the Commissioner of Revenue, with the department allowed to accept a bond from a motor vehicle dealer to substitute, subject to department rule. It repeals the provision restricting salvage dealers licensed in other states (40-12-422). It also eliminates certain requirements related to purchasing a buyer's identification card.

Who It Affects

• Alabama-licensed automotive dismantlers and parts recyclers (and their agents/employees): impact includes updated eligibility to buy at salvage pools, revised bond requirements, and changes to buyer's identification card procedures.
• Out-of-state firms, persons, or corporations with a similar salvage license: newly eligible to purchase at Alabama salvage pools and subject to the revised bond rules and other modified requirements.

Key Provisions

• Expand eligibility to purchase at salvage pools to out-of-state firms/persons/corporations with a similar license; remove or relax some requirements for purchasing a buyer's identification card.
• Require licensees to deposit a $10,000 bond (cash or continuing bond with surety) with the Commissioner of Revenue; allow the department to accept a bond used by motor vehicle dealers to substitute the required bond, by rule.
• Repeal Section 40-12-422, removing the existing restriction on salvage dealers licensed in other states.
• Effective date: October 1, 2015.

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Motor Vehicles