The State of Florida, Department of Highway Safety and Motor Vehicles (DHSMV) requires the Florida Recreational Vehicle Dealer Bond in order to get a dealer license for this type of business. This s a type of surety bond.
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How to Obtain a Florida Recreational Vehicle Dealer Bond?
At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:
- Complete the easy to navigate and secure online application. 1
- Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
- Sign some paperwork and pay the bond premium
Once these steps have been completed, the Florida Recreational Vehicle Dealer Bond will be shipped to the bond applicant.
The cost of the bond is usually between 1% and 3% of the bond amount, subject to a minimum premium and fees of $150 to$250. Surety1 will shop its many markets to procure the right price at the right terms.
1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.
Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.
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What are the License Requirements to Become a RV Dealer in Florida?
The state of Florida requires a dealer license for the following persons, partnerships and corporations:
- Any entity that buys, sells, offers for sale, displays for sale or deals in three or more motor vehicles within any 12-month period.
- Any entity that buys, sells, offers for sale, displays for sale or deals in one or more mobile home or recreational vehicles within any 12-month period
Before applying for a dealer license, the following pre-license requirements must be met:
- Contact the compliance examiner at a local DHSMV office to inspect and approve a recreational vehicle dealer location
- Obtain a Federal Employee Identification Number (FEIN) from Internal Revenue System
- Obtain a sales tax number from the Florida Department of Revenue
- Complete a pre-licensing dealer training class requirement from a DHSMV approved dealer training school
- Obtain electronic fingerprinting for all officers of the dealership from a Florida Department of Law Enforcement approved service provider
Once these requirements have been met, the following should be submitted to the DHSMV:
- A completed application
- An application fee
- Proof of Garage Liability Insurance
- An original Florida Recreational Vehicle Dealer Bond
- Proof of registration of the business entity and fictitious name, if any, with the Florida Division of Corporations
- A copy of the certificate of completion for dealer training
- A copy of a lease agreement
- Proof of electronic fingerprinting from an FDLE service provider
More information about these licensing requirements and procedures can be found on the Florida DHSMV website.
What is the required bond amount?
For a single dealer who buys, sells, or deals in recreational vehicles and has four or fewer supplemental licenses, the bond amount will be $10,000.
For a single dealer who buys, sells, or deals in recreational vehicles and has more than four supplemental licenses, the bond amount will be $20,000.
For any person who buys, sells, or deals in both mobile homes and recreational vehicles, a Florida Recreational Vehicle Dealer Surety Bond is not required, and only the $25,000 Florida Mobile Home Dealer Surety Bond must be submitted.
What is the purpose of the Surety Bond?
The Florida Recreational Vehicle Dealer Bond protects consumers from a variety of potential losses, including:
- Failure to deliver a recreational vehicle after payment has been made
- Failure to refund a customer’s deposit
- Misrepresentation of the condition of a recreational vehicle
- Failure to honor a warranty
- Breach of contract
The bond also protects consumers from financial losses if the dealer becomes insolvent or goes bankrupt. In addition to protecting consumers, the Florida Recreational Vehicle Dealer Bond also helps to ensure that recreational vehicle dealers operate in a fair and ethical manner. The bond acts as a deterrent to unethical behavior and helps to promote consumer confidence in the recreational vehicle industry.
It is important to note that this bond is not insurance. If a customer suffers any loss or damages due to the dealer’s failure to comply with the regulations pertaining to RV dealers, the customer can make a claim on the dealer’s Florida Recreational Vehicle Dealer Surety Bond, which the surety company will pay out if settled. However, the bond principal (the RV dealer in this case) must repay the surety for any losses incurred due to the claim.
How to Get Your Florida Recreational Vehicle Dealer Surety Bond
- Complete an online application. It’s free and no-obligation.
- One of our surety experts will contact you with a firm quote and an agreement to sign.
- Provide payment and your signed agreement, and then you will receive your Surety Bond!
If you have any questions, please call us at 877-654-2327.
Surety1 was founded in 2003 and helps thousands of clients find the best prices on their surety bonds. We take pride in our work so that we can give you great service. Learn more about Surety1.