SB463 Alabama 2015 Session

Summary

Primary Sponsor

Paul Sanford

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notice to purchasers required, surety bond requirements revised, Secs. 40-12-414, 40-12-421 am'd.; Sec. 40-12-422 repealed

Description

Under existing law, persons holding a current automotive dismantler and parts recycler license or their agents or employees can buy at a salvage pool or salvage disposal sale provided they have a buyer's identification card.

This bill would eliminate certain requirements relating to the purchase of a buyer's identification card.

This bill would revise the qualifications for buying at a salvage pool or salvage disposal sale to include any firm, person, or corporation that is domiciled in another state or jurisdiction that has a similar license.

This bill would also require the licensee to deposit a bond with the Commissioner of Revenue that is the same as the bond required for motor vehicle dealers and would authorize the department, by rule, to allow a bond obtained by a motor vehicle dealer to serve in lieu of the required bond for automotive dismantler and parts recycler licensees.

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Subjects

Motor Vehicles