Florida Dept. of Highway Safety & Motor Vehicles - Performance Bond — required surety bond in Florida. Apply online in minutes.
A Florida Department of Highway Safety and Motor Vehicles (FLHSMV) Performance Bond is a commercial surety bond that guarantees compliance with state vehicle sales regulations. It ensures that motor vehicle dealers conduct business honestly, process titles correctly, and remit appropriate fees. If a dealer commits fraud or violates their licensing terms, the bond provides a mechanism for harmed parties to seek financial compensation.
This bond is generally required for individuals and businesses operating as franchised or independent motor vehicle dealers in Florida. It may also be required for mobile home dealers, recreational vehicle dealers, and other vehicle-related businesses. Exact requirements vary, so applicants should verify their specific needs with the FLHSMV based on their license class.
The state obligee requires this bond to protect consumers and the government from fraudulent dealership practices, such as misrepresenting a vehicle's condition or failing to transfer a title. It acts as a financial safety net, ensuring funds are available to compensate buyers or the state if the dealer breaks the rules. Ultimately, the bond promotes a fair, trustworthy automotive marketplace in Florida.
To get started, simply click Apply Now to access our ~5 minute secure online application. The team at Noah Insurance Agency (814-718-0060) will review your information and provide a tailored quote. Once approved and purchased, you will have your official bond delivered by email.
Premiums vary based on the applicant's credit history, business financials, and the required bond parameters. To find out your exact cost, please apply online for a personalized quote.
Required bond amounts vary depending on the specific type of motor vehicle dealer license you are applying for. You must verify the exact figures and requirements directly with the Florida Department of Highway Safety & Motor Vehicles.
Approval times vary from applicant to applicant based on individual underwriting factors. However, completing our secure online application helps expedite the process so our team can provide your quote as quickly as possible.
Yes, many applicants with less-than-perfect credit can still be approved. Underwriting requirements vary, so we recommend applying online with Noah Insurance Agency or calling us at 814-718-0060 to explore your exact options.
Send us a note or call 814-718-0060 — a licensed agent will confirm the bond amount and requirements for you.
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