SCDMV Form FR-27. Statement for Return of Security Deposit

The SCDMV Form FR-27, also known as the Statement for Return of Security Deposit, is used by individuals who have paid a security deposit for a leased vehicle and wish to request the return of that deposit. This form allows the individual to provide their personal information, such as name, address, and driver's license number, as well as details about the lease agreement and the amount of the security deposit.

The form consists of several sections, including a statement of the lease agreement, a calculation of the security deposit amount, and a signature section. The statement of the lease agreement requires the individual to provide information about the lease start and end dates, the make and model of the vehicle, and any additional terms or conditions related to the security deposit.

It is important to carefully review the lease agreement and any applicable laws or regulations regarding the return of security deposits before completing this form. Additionally, individuals should keep copies of all relevant documents and correspondence related to the lease and the security deposit.

An application example for this form would be an individual who has completed their lease term and returned the vehicle in good condition, and now wishes to request the return of their security deposit. By completing this form and submitting it to the appropriate party, such as the leasing company or landlord, they can formally request the return of their deposit.