Form HSMV 86020. Surety Bond, Motor Vehicle Dealer - Florida

Form HSMV 86020 is used in Florida by motor vehicle dealers to provide a surety bond as part of the licensing requirements. This form is specifically for dealers who need to obtain or renew their license to sell motor vehicles.

The form consists of sections and important fields, including:

• Dealer Information: This section requires details about the motor vehicle dealer, such as their legal name, address, contact information, and license number.
• Bond Information: Here, the dealer provides information about the surety bond, including the bond amount, the name of the bonding company, and the effective dates of the bond.
• Obligee Information: The form includes fields to identify the obligee, which is typically the government agency responsible for overseeing motor vehicle dealer licensing.
• Signature: The motor vehicle dealer signs the form, acknowledging their responsibility to comply with the licensing requirements and fulfill the obligations outlined in the surety bond.

When filling out this form, it is important for the motor vehicle dealer to accurately provide their information and ensure that the details regarding the surety bond are correct. They must sign the form to indicate their agreement to the terms and conditions of the bond.

An alternative form related to this is Form HSMV 86018, which is the Surety Bond, Mobile Home Dealer - Florida. While Form HSMV 86020 is specific to motor vehicle dealers, Form HSMV 86018 is used by mobile home dealers to provide a surety bond as part of their licensing requirements. The main difference lies in the type of dealership (motor vehicle vs. mobile home) covered by the bond.