If you need to renew your Florida Motor Vehicle Dealer Bond 2014, get with the program! As per the statute regulating Florida auto dealers, you have until April 30th. This surety bond is obligatory, running concurrently with the license and presented on state form HSMV 86020. The obligation guarantees that the dealer will comply with the conditions of any agreement made by such dealer in connection with the sale or exchange of any motor vehicles and shall not violate any of the provisions of Chapter 319 and 320, Florida Statutes, in the conduct of the business for which he or she is licensed. The Florida auto dealer bond also guarantees that the licensee will pay or cause to be paid to any person in a retail or wholesale transaction any loss or damages which such person shall sustain as a result of any failure to comply with the conditions of any written contract made by such dealer in connection with the sale or exchange of any motor vehicle. The surety bond must be executed by a surety company licensed to do business in the State of Florida and delivered to the licensing division as follows:
Florida Department of Highway Safety
Attn: Motor vehicle dealer surety bonds
2900 Apalachee Parkway, Room A312, Mailstop #65
Tallahassee, FL 32399-0500
The penal sum of the bond is the entire exposure to you and your indemnitors for the year that the bond is in effect. The bond is also cancelable by surety upon thirty days prior notice by registered mail.
Florida surety leader, Surety One, Inc. is available for same-day servicing of your new or renewal dealer bond request. Our special programs allow us to offer you bonding regardless of your credit and financial condition so even if you have been given a renewal quote you can get another from us IMMEDIATELY. Do you operate in multiple states? No problem! We offer motor vehicle dealer bonds in all states where they are required by law. Click here for our MVD bond guide. We also offer certificate of title bonds and lien release bonds which are sometimes needed in the course of your dealership operations. Visit us at SuretyOne.com, call or (800) 373-2804, or email us at Underwriting@SuretyOne.com for a Florida motor vehicle dealer bond application or for information on any surety need.