(a) If a dealer buys a vehicle and holds it for resale and procures the certificate of title from the owner or the lienholder within 15 days after delivery to him of the vehicle, he need not send the certificate to the department but, upon transferring the vehicle to another person other than by the creation of a security interest, shall promptly execute the assignment and warranty of title by a dealer, showing the names and addresses of the transferee and of any lienholder holding a security interest created or reserved at the time of the resale and the date of his security agreement, in the spaces provided therefor on the certificate or as the department prescribes, and mail or deliver the certificate to a designated agent with the transferee's application for a new certificate.
(b) Every dealer shall maintain for five years a record in the form the department prescribes of every vehicle bought, sold or exchanged by him or received by him for sale or exchange, which shall be open to inspection by representatives of the department and law enforcement officers during reasonable business hours.
Structure Code of Alabama
Title 32 - Motor Vehicles and Traffic.
Chapter 8 - Uniform Certificate of Title and Antitheft Act.
Article 2 - Certificate of Title.
Section 32-8-30 - Certificate Required for Certain Motor Vehicles and Travel Trailers; Penalty.
Section 32-8-32 - Prerequisite to Issuance of License Plates.
Section 32-8-33 - Prerequisite to Assessment for Ad Valorem Taxes.
Section 32-8-34 - Designated Agents of Department; Bond of Title Service Providers.
Section 32-8-35 - Application for First Certificate.
Section 32-8-36 - Application for Certificate With Bond or Cash.
Section 32-8-39 - Contents and Effect of Certificate.
Section 32-8-40 - Distinctive Certificates for Certain Vehicles.
Section 32-8-41 - Delivery of Certificate.
Section 32-8-42 - Refusing Certificate.
Section 32-8-43 - Certificates Lost, Stolen, Mutilated, Etc.
Section 32-8-44 - Transfer of Ownership - Generally.
Section 32-8-45 - Transfer of Ownership - to or From Dealer; Records.
Section 32-8-46 - Transfer of Ownership - by Operation of Law.
Section 32-8-47 - Transfer of Ownership - When Department to Issue New Certificate.