- Designated Agent Qualification Requirements:
- Licensed Financial Institutions – submit a copy of company’s Title 5, Chapter 19, State Banking License or equivalent.
- Pawnshops – submit a copy of Alabama pawnshop license.
- Insurance Companies – submit a copy of certificate of authority issued by the Alabama Department of Insurance.
- Towing Companies
- Title Agent (Manufactured Homes Only) – submit a copy of certificate of authority issued by the Alabama Department of Insurance.
- Out of State Financial Institutions (Manufactured Homes Only) – submit a copy of company’s state business or regulatory license.
- Law Firms (Manufactured Homes Only) – submit a copy of document evidencing that a principal of the firm is admitted to a State Bar.
- Access application to become a designated agent. The dealer regulatory license bond satisfies the designated agent bonding requirement. Non-dealers are required to post a surety bond in the amount of $50,000 payable to the state of Alabama.
- When a completed package is received by ALDOR, the designated agent account will be set up in ALTS and a designated agent certificate will be sent to the applicant. Note: The legal name of the business must be provided on the application and bond form.
All designated agents are required to complete the Designated Agent training seminar.