Form HSMV86057 "Irrevocable Letter of Credit Motor Vehicle Dealer" - Florida

What Is Form HSMV86057?

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 HSMV86057 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 HSMV86057 "Irrevocable Letter of Credit Motor Vehicle Dealer" - Florida

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STATE OF FLORIDA
IRREVOCABLE LETTER OF CREDIT
DEPARTMENT OF HIGHWAY
MOTOR VEHICLE DEALER
SAFETY and MOTOR VEHICLES
2900 APALACHEE PARKWAY
ROOM A312, Mailstop #65
TALLAHASSEE, FLORIDA 32399-0500
IRREVOCABLE LETTER OF CREDIT NUMBER: ___________________________________________
This letter of credit is issued by _________________________________________________________,
authorized to do business in the state of Florida as a bank (hereinafter “the Bank”) at the request of
____________________________________________
hereinafter "the Principal"), to allow the Principal to
(
fulfill a condition precedent to his appointment as a motor vehicle dealer by the Department of Highway Safety
and Motor Vehicles (hereinafter "the Department"). The Principal shall deliver annually to the Department a
surety bond or irrevocable letter of credit for the license period for the protection of any person in a retail or
wholesale transaction who shall suffer any loss as a result of the Principal's failure to comply with the
conditions of any written contract made by such Principal in connection with or as a result of any violation of
the provisions of Chapter 319 or 320, Florida Statutes, in the conduct of business as a motor vehicle dealer.
The Bank agrees to honor demands for payment by any person suffering a loss as specified above.
Provided, however, that the aggregate liability of the Bank hereunder shall, in no event, in any one year, exceed
$25,000.
This letter 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.
_______________________________________________________
___________________________________________________________
NAME OF DEALERSHIP
SIGNATURE OF BANK OFFICER
________________________________________________________
___________________________________________________________
SIGNATURE OF PRINCIPAL
TITLE
________________________________________________________
___________________________________________________________
TYPED OR PRINTED NAME
BANK
________________________________________________________
___________________________________________________________
DEALERSHIP ADDRESS
ADDRESS
________________________________________________________
___________________________________________________________
CITY
STATE
ZIPCODE
CITY
STATE
ZIPCODE
_________________________________________________________
BANK TELEPHONE NUMBER
(BANK SEAL)
HSMV 86057 (Rev. 08/11)
STATE OF FLORIDA
IRREVOCABLE LETTER OF CREDIT
DEPARTMENT OF HIGHWAY
MOTOR VEHICLE DEALER
SAFETY and MOTOR VEHICLES
2900 APALACHEE PARKWAY
ROOM A312, Mailstop #65
TALLAHASSEE, FLORIDA 32399-0500
IRREVOCABLE LETTER OF CREDIT NUMBER: ___________________________________________
This letter of credit is issued by _________________________________________________________,
authorized to do business in the state of Florida as a bank (hereinafter “the Bank”) at the request of
____________________________________________
hereinafter "the Principal"), to allow the Principal to
(
fulfill a condition precedent to his appointment as a motor vehicle dealer by the Department of Highway Safety
and Motor Vehicles (hereinafter "the Department"). The Principal shall deliver annually to the Department a
surety bond or irrevocable letter of credit for the license period for the protection of any person in a retail or
wholesale transaction who shall suffer any loss as a result of the Principal's failure to comply with the
conditions of any written contract made by such Principal in connection with or as a result of any violation of
the provisions of Chapter 319 or 320, Florida Statutes, in the conduct of business as a motor vehicle dealer.
The Bank agrees to honor demands for payment by any person suffering a loss as specified above.
Provided, however, that the aggregate liability of the Bank hereunder shall, in no event, in any one year, exceed
$25,000.
This letter 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.
_______________________________________________________
___________________________________________________________
NAME OF DEALERSHIP
SIGNATURE OF BANK OFFICER
________________________________________________________
___________________________________________________________
SIGNATURE OF PRINCIPAL
TITLE
________________________________________________________
___________________________________________________________
TYPED OR PRINTED NAME
BANK
________________________________________________________
___________________________________________________________
DEALERSHIP ADDRESS
ADDRESS
________________________________________________________
___________________________________________________________
CITY
STATE
ZIPCODE
CITY
STATE
ZIPCODE
_________________________________________________________
BANK TELEPHONE NUMBER
(BANK SEAL)
HSMV 86057 (Rev. 08/11)