Form HSMV 74036. Agreement for Release and Monthly Repayment Note - Florida

The Form HSMV 74036, known as the Agreement for Release and Monthly Repayment Note, is used in Florida to establish an agreement between a debtor and the Florida Department of Highway Safety and Motor Vehicles (DHSMV) for the release of a driver license that was suspended due to a financial obligation. Its purpose is to outline the terms and conditions for the release and establish a repayment plan.

This form typically consists of sections that require accurate completion, including personal information of the debtor, details about the suspended driver license and the underlying financial obligation, and a repayment plan outlining the monthly installments. It may also include fields for additional information or documentation requirements.

When filling out this form, it is important to provide accurate information regarding the debtor and the financial obligation. The debtor should carefully read and understand the terms and conditions outlined in the agreement before signing. They must also commit to making the agreed-upon monthly repayments to fulfill the financial obligation.

This form is used when individuals have had their driver license suspended due to a financial obligation, such as unpaid fines or fees. By entering into an agreement with the DHSMV through the Agreement for Release and Monthly Repayment Note, they can establish a plan to repay the debt and regain their driving privileges.

An alternative form related to financial obligations could be a Payment Plan Agreement, which is used to establish a payment plan for outstanding debts. However, the Agreement for Release and Monthly Repayment Note specifically focuses on the release of a suspended driver license in exchange for a repayment agreement.