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Do Florida Recreational Vehicle Dealers Have a Surety Bond Requirement for a Dealer License?

Recreational Vehicles are on a dealer's lot

Florida Recreational Vehicle Dealers defined as a new or franchised recreational vehicle dealer or used recreational vehicle dealer (also known as an RV dealer), are regulated by the Florida Department of Highway Safety and Motor Vehicles (HSMV).

Recreational Vehicle Dealers must apply for a dealer license and provide the following:

Complete the pre-licensing dealer training and provide a copy of the course completion certificate.

Complete the dealer application and pay the applicable filing fee.

Provide a copy of the applicant's government issued photo ID or driver’s license.

Provide a copy of the property lease or rent agreement for the dealership. The property must be a permanent structure and have an office with a restroom, lot space to display vehicles, have posted hours of operation, and exterior signage.

Applicants must be able to pass a criminal background check and are required to submit fingerprints.

A $10,000 surety bond is required for a dealer license. Recreational dealers that have more than four dealership locations must obtain a $20,000 surety bond.

Provide a copy of the business registration and registration of business obtained from the Florida Department of State.

If applicable, provide a copy of the business Articles of Incorporation, Partnership Agreement, or Articles of Organization and Operating Agreement.

Provide proof of garage liability insurance hat meets the minimum coverage. $25,000 combined single-limit liability for both bodily injury and property damage and $10,000 personal injury.

Franchise dealers must provide a copy of the Dealer Development & Management Agreement.

How Much Will This Bond Cost?

The premium that you pay for a Florida Recreational Vehicle Dealer Surety Bond is dependent on credit, the bond amount required and experience in the motor vehicle sales industry.

Contact SuretyGroup.com

Get a free, no-obligation quote for your bond.

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