SCDMV Form FR-230. Financial Responsibility Installment Agreement

The SCDMV Form FR-230, also known as the Financial Responsibility Installment Agreement, is used by individuals who are unable to pay their financial responsibility fees in a lump sum and wish to enter into an installment payment plan with the South Carolina Department of Motor Vehicles (SCDMV). This form allows the individual to outline their personal information, such as name, address, and driver's license number, as well as provide details about their current financial situation.

The form consists of several sections, including a statement of financial responsibility, a payment plan agreement, and a signature section. The statement of financial responsibility requires the individual to provide information about their income, expenses, and any outstanding debts. The payment plan agreement outlines the terms and conditions of the installment plan, including the monthly payment amount and the duration of the plan.

It is important to consider the accuracy and completeness of the information provided on this form, as any false statements may result in penalties or legal consequences. Additionally, individuals should carefully review the terms and conditions of the installment plan before signing the agreement.

An application example for this form would be an individual who has accumulated financial responsibility fees due to a traffic violation and is unable to pay the full amount upfront. By completing this form and entering into an installment payment plan, they can fulfill their financial obligations over a period of time.

This form is related to SCDMV Form FR-230A, which is used to request a reduction or waiver of financial responsibility fees. While the FR-230A focuses on seeking relief from the fees, the FR-230 is specifically for entering into an installment payment plan.