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Renewal Time for Dealers!

Thursday, March 20, 2014   (0 Comments)
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Renewal 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 dealer’s license.   

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 application:

 

Primary Location:

·         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 to DHSMV.

·         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).

 

Supplemental Location:

·         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.

To 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  under “Dealer, 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.