Obligee: Florida Department of Highway Safety and Motor Vehicles Surety Bonds

Florida Motor Vehicle Dealer Bond-Independant Dealer ($25,000) A motor vehicle dealer Bond, sometimes also called a DMV Bond, used car dealer Bond, or auto dealer Bond, are required by the State of Florida Department of Highway Safety & Motor Vehicles and guaranty that the motor vehicle dealer complies with all federal laws, state laws, local laws, and tax and judgment guidelines that relate to motor vehicles. The Bond also ensures that if the dealer or any of its employees commit fraud or other actions that are wrongful to the consumer, the consumer is protected from any consequence arising from those actions. In addition to the protection that a consumer receives from a motor vehicle dealer Bond, they also find peace of mind knowing that a dealership has a Surety Bond in place. That Surety Bond means that a third party Bonding company has reviewed that dealership’s financial information and endorsed them as a financially stable company. To learn more about the state of Florida?s requirements, please visit the state of Florida?s website at http://www.flhsmv.gov/dmv/dealer.html#dmvdeal

In the vibrant automotive market of Florida, a Motor Vehicle Dealer Bond is crucial for Franchise Dealers to ensure compliance and trust. This surety bond, mandated by the state, safeguards consumer rights and guarantees that dealers adhere to the stringent regulations governing vehicle sales. It acts as a financial safety net, protecting buyers from fraudulent practices and ensuring that the dealer fulfills all contractual obligations. For franchise dealers, this bond not only reinforces credibility but also fosters a secure environment for transactions, making it an indispensable component of the automotive industry in Florida.

Florida Recreational Vehicle Manufacturer, Distributer, Importer or Van Converter Bond ($10,000) Recreational Vehicle Manufacturer, Distributor, Importer, or Van Converter Bond- Once the principal has applied for a license, under Section 320.8225, Florida Statutes, to engage in the business of a recreational vehicle manufacturer, distributor, importer or van converter in this state, or who manufactures, distributes, or imports recreational vehicles or van conversions out of state, which are ultimately offered for sale in this state. This Surety Bond guarantees the protection of any retail customer who shall suffer any loss as a result of any failure to comply with the conditions of any written contract made by such manufacturer, distributor, importer or van converter in connection with the manufacture, distribution, importation or van conversion or sale of any recreational vehicle or van conversion as a result of any violation of the provisions of Chapter 319 or 320, Florida Statutes, in the conduct of the business for which he/she is licensed.

South Carolina Credit Counseling Service Organization Bond ($25,000.00) The Credit Counseling Service Organization Bond is required in the state of South Carolina by the South Carolina Department of Consumer Affairs. This Bond guarantees that the applicant (Principal) complies with the Licensing Requirements Act of Consumer Credit Counseling and also guarantees that the applicant successfully provides any contracted credit counseling services to customers. The bond protects buyers of various credit services from fraudulent practices that could cause them financial harm. In other words, this form of surety bond guarantees that credit service organizations comply with all applicable state regulations.

Get the information you need about a Florida recreational vehicle dealer bond and why they are essential for compliance and customer protection in the RV industry.

Florida Yacht and Ship Brokers Bond ($25,000) Florida Yacht and Ship Broker Bond is required by The State of Florida Department of Business and Professional Regulation to comply with the State licensing requirements. Each state has drafted their own Yacht and Ship Broker Bond Form, so you will need a different Yacht and Ship Broker Bond for each state you will be transacting business in.

Florida Mobile Home Dealer Bond ($25,000) If you are a Mobile Home Dealer in the State of Florida, the Division of Motor Vehicles requires you to furnish a Florida Mobile Home Dealer Surety Bond to ensure compliance with Chapter 320 of the Florida Statutes. Mobile Home Dealer Bond protects against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Florida Mobile Home Dealer Surety Bond holds you accountable for your business decisions.