Renewal Time for Dealers!
Thursday, March 20, 2014
Time for Dealers!
Here in the Sunshine State, independent auto dealers
represent a significant part of our business communities. The Department of Highway Safety and Motor
Vehicles reminds independent dealers, auctions, salvage dealers and wholesale
dealers that now is the time to renew your dealer license. Renewal applications, fees and required
documents must be filed to ensure the timely renewal of your motor vehicle
On Feb. 13, 2014, the Department e-mailed
renewal notices and applications to all 10,182 licensed independent dealers,
auctions, salvage dealers and wholesale dealers. A completed renewal application form (HSMV
86720, “Renewal Application for Motor
Vehicle, Mobile Home, or Recreational Vehicle Dealers”) must be submitted to the
local Regional Office responsible for your dealership. This form is available on the Department’s
website at http://www.flhsmv.gov/html/forms.html. The Regional Office list can be accessed at http://www.flhsmv.gov/dmv/BUR_Field_Ops_Address.pdf
and the Dealer Training Schools at http://www.flhsmv.gov/dmv/L_Dealer_Trng_Sch.pdf.
Dealers were also advised on Biennial
Renewal Option: House Bill 7125 passed giving
dealers the option for biennial renewal of their license. This law went
into effect on July 1, 2013. The Renewal form HSMV 86720 will allow for the
option of renewing for a two-year period.
The following documents are required with the renewal
Completed license renewal
application form HSMV 86720.
$75 annual renewal fee for the
primary location. If the completed application, all required documents, and fee
are not received for the primary location by April 30th, a $100 delinquent fee
is due for a total renewal fee of $175. Checks must be made payable to DHSMV.
$150 biennial license renewal fee if
you are opting for a biennial (two years) renewal. Checks must be made payable
An original surety bond, original
irrevocable letter of credit, or original continuation certificate in the
amount of $25,000 for motor vehicle dealers, auction dealers and independent
dealers. The Dealership's Principal must sign the surety bond and Irrevocable
Letter of Credit.
Copy of proof of Garage Liability
insurance which must include at a minimum, $25,000 combined single limit
liability coverage including bodily injury and property damage protection and
$10,000 personal injury protection or a general liability policy coupled
with a business automobile policy which must include at a minimum, $25,000
combined single-limit liability coverage including bodily injury and property damage
protection and $10,000 personal injury protection. Signature of the insurance
agent is required on all insurance policies.
Please note: Salvage Dealers are exempt from
Garage Liability Insurance
Dealer License Continuing Education
course certificate of completion or a pre-licensing Dealer Training Seminar for
independent dealers only.
Copy of certification from the
Division of Corporations showing current registration of the business and
fictitious name(s) (on-line access at www.sunbiz.org).
Completed license renewal
application form HSMV 86720 including current business e-mail address.
$50 annual renewal fee.
$100 biennial license renewal fee if
you are opting for a biennial (two years) renewal. Checks must be made payable to DHSMV.
A copy of the surety bond,
irrevocable letter of credit, or continuation certificate that was filed with
the renewal of the primary lot.
A copy of the certificate of garage
liability insurance or a general liability insurance policy coupled with
business automobile policy that was submitted with the primary location renewal
application. This certification must include at a minimum, $25,000 combined
single limit liability coverage including bodily injury and property damage
protection and $10,000 personal injury protection. Copy of the certificate of
garage liability insurance or general liability insurance is required and must
be signed by the insurance agent.
Please Note: Salvage Dealers are exempt from submitting a
proof of garage liability insurance coverage.
The Department has moved
to electronic communication of important notices, renewals and legislative
changes to licensed dealers statewide.
Therefore, it is important for you to update your renewal application with a
current business e-mail address for your dealership. Please avoid
using e-mail addresses of your staff on the application as notices may not
reach your dealership if the staff member no longer works at the
dealership. You should immediately notify the Regional Office responsible
for your dealership of any changes in your business e-mail address.
ensure the proper processing of your renewal, please submit your completed
renewal application, required documents and fee to the regional office. Please do not submit your application to
Tallahassee. All checks
must be made payable to DHSMV.
Valuable information on licensing procedures and
requirements is available on our website at http://www.flhsmv.gov/html/titlinf.html
Manufacturer, Distributor and Importer Information. For assistance in locating one of our Regional Offices, please see http://www.flhsmv.gov/dmv/BUR_Field_Ops_Address.pdf. Your
local Regional Office will be available to assist you from 8:00 a.m. – 5:00
p.m., Monday through Friday.
The Department of Highway
Safety and Motor Vehicles salutes all of our industry partners, and we greatly appreciate
your assistance and cooperation in the timely renewal of your dealer license.