What is the purpose of the Alabama Mvt 4 1 form?
The Alabama Mvt 4 1 form is used by new and used motor vehicle dealers to apply for designation as agents of the Alabama Department of Revenue. This designation is a legal requirement for dealers, enabling them to perform certain functions related to vehicle registration and titling on behalf of the state.
Who is required to submit the Mvt 4 1 form?
All new and used motor vehicle dealers in Alabama must submit the Mvt 4 1 form. This includes individuals, partnerships, and corporations engaged in the sale of motor vehicles. The form ensures compliance with state regulations regarding dealer operations.
What information is needed to complete the form?
To complete the Mvt 4 1 form, applicants must provide their company name, contact information, physical and mailing addresses, sales tax account number, and various identification numbers. Additionally, details about the principals of the business, including their names, titles, and home addresses, are required. Any felony convictions related to specific provisions of the Alabama Code must also be disclosed.
What happens if a principal has a felony conviction?
If any principal of the applicant has been convicted of violating felony provisions of Chapter 8 or 20 of Title 32, or Title 40 of the Code of Alabama 1975, the applicant must provide an explanation. This information should be detailed on a separate page and included with the application. The Department of Revenue will review this information during the approval process.
Is there a bonding requirement associated with this form?
Yes, a dealer regulatory license bond is required as part of the designation process. This bond satisfies the bonding requirement for becoming a designated agent. Applicants must ensure that this bond is in place before submitting the Mvt 4 1 form.
What is the process after submitting the Mvt 4 1 form?
Once the Mvt 4 1 form is submitted, it will be reviewed by the Alabama Department of Revenue. If approved, the department will issue a designated agent number, which allows the dealer to act on behalf of the state in vehicle registration and titling matters. The approval date and designated agent number will be recorded on the form for future reference.
Can partnerships apply using the Mvt 4 1 form?
Yes, partnerships can apply using the Mvt 4 1 form. All partners must sign the application and the accompanying bond. This ensures that all parties involved in the partnership are aware of and agree to the responsibilities associated with being a designated agent.