Form HSMV86020 "Surety Bond Motor Vehicle Dealer" - Florida

What Is Form HSMV86020?

This is a legal form that was released by the Florida Department of Highway Safety and Motor Vehicles - a government authority operating within Florida. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on August 1, 2011;
  • The latest edition provided by the Florida Department of Highway Safety and Motor Vehicles;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form HSMV86020 by clicking the link below or browse more documents and templates provided by the Florida Department of Highway Safety and Motor Vehicles.

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Download Form HSMV86020 "Surety Bond Motor Vehicle Dealer" - Florida

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STATE OF FLORIDA
SURETY BOND
DEPARTMENT OF HIGHWAY
MOTOR VEHICLE DEALER
SAFETY and MOTOR VEHICLES
2900 APALACHEE PARKWAY
ROOM A312, Mailstop #65
TALLAHASSEE, FLORIDA 32399-0500
KNOW ALL MEN BY THESE PRESENTS:
BOND NUMBER: _______________________________
That we __________________________________________________________________________________________________
__________________________________________________________________________________________________ as principal and
________________________________________________________________________________________________________ a surety
company qualified to do business in the State of Florida, as surety are held and firmly bound unto the duly appointed and qualified
Director of the Division of Motorist Services of the State of Florida, and the successors in office of said Director, in the penal sum
of_________________ Dollars, for the payment whereof well and truly to be made, we do hereby jointly and severally bind ourselves, our
heirs, legal representatives, successors and assigns, firmly these presents:
Signed and Sealed this _______ day of _______________________ , _______.
The condition of the above obligation is such that:
WHEREAS, the above named principal has made to the obligee hereunder application for a license, under Section 320.27, Florida
Statutes, to engage in the business of buying, selling or dealing in motor vehicles or offering or displaying motor vehicles for sale, as
defined by the said law, and
WHEREAS, the above named principal is required as a condition precedent to his appointment as such dealer to deliver annually to
the obligee hereto a good and sufficient surety bond for the license period conditioned that said principal shall comply with the conditions
of any written contract made by such dealer in connection with the sale or exchange of any motor vehicles and shall not violate any of the
provisions of Chapter 319 and 320, Florida Statutes, in the conduct of the business for which he is licensed, and
WHEREAS, such bond shall be in favor of any person in a retail or wholesale transaction who shall suffer any loss as a result of
any violation of the conditions hereinabove contained.
NOW, THEREFORE, if the above named principal shall fully comply with the conditions of any written contract made by him as
such dealer in connection with the sale or exchange of any motor vehicles, and shall pay or cause to be paid to any person in a retail or
wholesale transaction any loss or damages which such person shall sustain as a result of any failure to comply with the conditions of any
written contract made by such dealer in connection with the sale or exchange of any motor vehicle or as a result of any violation of the
provisions of Chapter 319 or 320, Florida Statutes, in the conduct of the business of which he is licensed, then this obligation shall be void,
otherwise to remain in full force and effect.
This bond becomes effective as of _______________________, _______, in support of a license issued for the term ending
____________________, _______, and may be continued by certificate each year in support of any license issued for any subsequent year.
Provided, however, that the aggregate liability of the surety hereunder shall in no event, in any one (1) year, exceed the sum of the
bond.
Provided, further, the surety shall have the right to terminate its liability hereunder by serving written notice of its election so to do,
by United States registered mail, upon the obligee, and thereupon the surety shall be discharged from any liability hereunder for any
default of the principal, after the expiration of thirty (30) days from and after service of such notice.
_______________________________________________________________________
_______________________________________________________________________
NAME OF BUSINESS
SIGNATURE OF SURETY AGENT
(SEAL)
_______________________________________________________________________
_______________________________________________________________________
SIGNATURE OF PRINCIPAL
ADDRESS OF SURETY AGENT
_______________________________________________________________________
_______________________________________________________________________
NAME OF SURETY BOND COMPANY
CITY/STATE/ZIP CODE
_______________________________________________________________________
_______________________________________________________________________
ADDRESS OF SURETY BOND COMPANY
TELEPHONE NUMBER
_______________________________________________________________________
_______________________________________________________________________
CITY/STATE/ZIP CODE
TYPED NAME OF SURETY AGENT
_______________________________________________________________________
TELEPHONE NUMBER
HSMV 86020 (Rev. 08/11)
STATE OF FLORIDA
SURETY BOND
DEPARTMENT OF HIGHWAY
MOTOR VEHICLE DEALER
SAFETY and MOTOR VEHICLES
2900 APALACHEE PARKWAY
ROOM A312, Mailstop #65
TALLAHASSEE, FLORIDA 32399-0500
KNOW ALL MEN BY THESE PRESENTS:
BOND NUMBER: _______________________________
That we __________________________________________________________________________________________________
__________________________________________________________________________________________________ as principal and
________________________________________________________________________________________________________ a surety
company qualified to do business in the State of Florida, as surety are held and firmly bound unto the duly appointed and qualified
Director of the Division of Motorist Services of the State of Florida, and the successors in office of said Director, in the penal sum
of_________________ Dollars, for the payment whereof well and truly to be made, we do hereby jointly and severally bind ourselves, our
heirs, legal representatives, successors and assigns, firmly these presents:
Signed and Sealed this _______ day of _______________________ , _______.
The condition of the above obligation is such that:
WHEREAS, the above named principal has made to the obligee hereunder application for a license, under Section 320.27, Florida
Statutes, to engage in the business of buying, selling or dealing in motor vehicles or offering or displaying motor vehicles for sale, as
defined by the said law, and
WHEREAS, the above named principal is required as a condition precedent to his appointment as such dealer to deliver annually to
the obligee hereto a good and sufficient surety bond for the license period conditioned that said principal shall comply with the conditions
of any written contract made by such dealer in connection with the sale or exchange of any motor vehicles and shall not violate any of the
provisions of Chapter 319 and 320, Florida Statutes, in the conduct of the business for which he is licensed, and
WHEREAS, such bond shall be in favor of any person in a retail or wholesale transaction who shall suffer any loss as a result of
any violation of the conditions hereinabove contained.
NOW, THEREFORE, if the above named principal shall fully comply with the conditions of any written contract made by him as
such dealer in connection with the sale or exchange of any motor vehicles, and shall pay or cause to be paid to any person in a retail or
wholesale transaction any loss or damages which such person shall sustain as a result of any failure to comply with the conditions of any
written contract made by such dealer in connection with the sale or exchange of any motor vehicle or as a result of any violation of the
provisions of Chapter 319 or 320, Florida Statutes, in the conduct of the business of which he is licensed, then this obligation shall be void,
otherwise to remain in full force and effect.
This bond becomes effective as of _______________________, _______, in support of a license issued for the term ending
____________________, _______, and may be continued by certificate each year in support of any license issued for any subsequent year.
Provided, however, that the aggregate liability of the surety hereunder shall in no event, in any one (1) year, exceed the sum of the
bond.
Provided, further, the surety shall have the right to terminate its liability hereunder by serving written notice of its election so to do,
by United States registered mail, upon the obligee, and thereupon the surety shall be discharged from any liability hereunder for any
default of the principal, after the expiration of thirty (30) days from and after service of such notice.
_______________________________________________________________________
_______________________________________________________________________
NAME OF BUSINESS
SIGNATURE OF SURETY AGENT
(SEAL)
_______________________________________________________________________
_______________________________________________________________________
SIGNATURE OF PRINCIPAL
ADDRESS OF SURETY AGENT
_______________________________________________________________________
_______________________________________________________________________
NAME OF SURETY BOND COMPANY
CITY/STATE/ZIP CODE
_______________________________________________________________________
_______________________________________________________________________
ADDRESS OF SURETY BOND COMPANY
TELEPHONE NUMBER
_______________________________________________________________________
_______________________________________________________________________
CITY/STATE/ZIP CODE
TYPED NAME OF SURETY AGENT
_______________________________________________________________________
TELEPHONE NUMBER
HSMV 86020 (Rev. 08/11)