154. Every person applying for a recycler’s licence must furnish security to the Régie.
Such security guarantees
(1) to the owner of a stolen road vehicle, sold by the recycler, reimbursement of the price the owner has paid to the buyer of the vehicle in order to recover possession thereof by way of revendication as stolen property;
(2) to the owner of a stolen road vehicle, dismantled or sold for parts by a recycler, reimbursement, by way of judicial proceedings, of the price of the vehicle, assessed at the time of the theft;
(3) execution of a judgment or of a transaction terminating a suit instituted under the Consumer Protection Act (chapter P-40.1), opposing a consumer and the holder of a licence.
In the case referred to in subparagraph 1 the recycler and his surety are jointly and severally liable for the reimbursement of the price paid by the owner.