Fill Out Your Hsmv 86720 Form

What is the HSMV 86720 form used for?

The HSMV 86720 form is primarily a renewal application for motor vehicle, mobile home, or recreational vehicle dealers in Florida. This form assists businesses in updating their license annually or biennially (every two years). It can also be used to change the mailing address associated with the dealership and ensures that the necessary documents are submitted for maintaining proper licensing according to Florida law.

Who should submit the HSMV 86720 form?

Any individual or entity operating as a motor vehicle, mobile home, or recreational vehicle dealer in Florida is required to submit the HSMV 86720 form. Whether you are a sole proprietor, a corporation, or a partnership, the process remains largely the same. It’s essential for keeping your dealer license active and in compliance with state regulations.

What documents must be submitted with the HSMV 86720 form?

Various documents are required depending on your dealership type, but generally, all dealers must submit the completed application, the appropriate renewal fee, proof of a $25,000 surety bond, and copies of liability insurance. For franchise dealers, additional documentation includes the registration certification from the Division of Corporations and, in some cases, proof of completion for continuing education courses. Make sure to check the specific requirements for your dealer classification to avoid delays.

What happens if I miss the renewal deadline?

Missed deadlines can lead to penalties. If the completed application and required documents for primary locations are not submitted by the deadline, a delinquent fee is assessed. For instance, if you miss the deadline for submitting the annual application, a $100 fee will be added, bringing your total renewal fee to $175. It’s crucial to maintain timely submissions to avoid these additional expenses.

What identification is needed when submitting the HSMV 86720 form?

If the applicant is a sole proprietor or part of a partnership, specific identification documents are mandatory. Acceptable forms include a Florida driver’s license, an out-of-state identification card, or even a U.S. passport. It's important to include a copy of this identification to facilitate the processing of the application unless you're providing a Florida driver’s license, in which case just the number is needed.

Completing the HSMV 86720 form can be straightforward, but many individuals make mistakes that can delay the renewal process. One common error is neglecting to submit the required documentation along with the application form. Each dealer type, such as motor vehicle or mobile home dealers, has specific documents that must accompany the application. Missing any of these required documents may lead to a significant delay in processing.

Another frequent mistake is improperly filling out the required fields. For instance, applicants may accidentally omit their Federal Employer Identification Number (FEID) or provide an incorrect license number, which can cause confusion and delay. It is important to double-check that all information is complete and accurate before submission.

Some people forget to sign the application form entirely. The form requires an original signature of the officer, which confirms that all provided information is true. Failing to include this signature can result in the application being returned or rejected. Additionally, applicants should print their names, titles, and dates clearly, as unclear handwriting may lead to processing errors.

Using correction fluid or tape on the application is another area where mistakes are made. The instructions clearly state not to use white-out or any other correction modifications. If mistakes are made while completing the form, it is advisable to start over with a new form rather than attempting to correct it.

Many individuals also overlook the need to keep their mailing address current. If there have been any changes since the last renewal, it is essential to check the box indicating the need for an address update. Failing to do so means that important correspondence could be sent to the wrong address, causing further complications.

Submitting the incorrect fee is another mistake that can derail the renewal process. Different dealer types have specific fees that vary based on the location and the chosen renewal period. It is vital to confirm that the correct payment amount is enclosed with the application to avoid delays.

Another common oversight is not providing adequate proof of identification when required. Sole proprietors or partnerships must submit proof of identification, such as a driver’s license or passport. If this documentation is not included, the application cannot be processed, which may result in expiration of the dealer’s license.

Not adding the appropriate email addresses to avoid junk mail classification can also lead to missed communications. Applicants must add dealerservices@flhsmv.gov as a contact. If not done, crucial emails may be overlooked, causing delays in receiving important information.

Lastly, delaying the submission of the renewal application until the deadline can result in unexpected fees. Applications submitted after the deadline incur additional charges. It is always best to submit early to avoid the $100 delinquent fee that accompanies late submissions.

When renewing a dealer license in Florida using the HSMV 86720 form, there are several other documents and forms commonly required. These documents ensure that all necessary information is provided and that dealers meet regulatory requirements. Below is a list of forms and documents often used in conjunction with the HSMV 86720 form.

• Surety Bond: A financial guarantee necessary for motor vehicle dealers, ensuring the dealer can handle specific financial responsibilities. The bond amount typically required is $25,000, with variations for mobile and recreational vehicle dealers based on the number of locations.
• Proof of Garage Liability Insurance: A document proving that the dealer has the required insurance coverage in place. This usually includes coverage limits for bodily injury and property damage.
• Certificate of Completion for Dealer Training: For independent dealers, proof of completion from a dealer training course or continuing education is often necessary for license renewal.
• Division of Corporations Registration: A certificate confirming that the business is registered and in good standing with the state. It should show current registration and any fictitious names the business operates under.
• Federal Employer Identification Number (FEIN): This number is issued by the IRS and necessary for tax identification purposes. It is essential for business operations, including licensing.
• Florida Sales Tax Number: Dealers need to provide their sales tax number for tax reporting and compliance purposes.
• Fictitious Name Registration: If applicable, proof of registration for any fictitious names used by the dealership must accompany the renewal application.
• Proof of Identification: Sole proprietors and partnerships need to submit a copy of acceptable identification, such as a driver’s license or passport, to verify their identity.
• Supplemental Location Registration: If the dealer has multiple locations, a separate registration form must be completed for each additional location to ensure compliance across all dealership sites.

These documents vary depending on the specific type of dealership and any changes that may have occurred since the last renewal. It is essential for dealers to gather all required paperwork before submitting the HSMV 86720 form to ensure a smooth renewal process.

The HSMV 86720 form serves as an application for renewing licenses for motor vehicle dealers in Florida. There are several other documents that share similar functions, helping regulate and maintain compliance for businesses in the automotive and mobile home industries. Here are four such documents:

• Form HSMV 86056: Initial Application for Motor Vehicle Dealer License - This document is the first step for individuals or entities seeking to obtain a motor vehicle dealer license. It requires detailed information about the dealership, including ownership structure and physical location, similar to how the HSMV 86720 requires updates or confirmation of existing details.
• Form HSMV 86034: Request for Duplicate License - If a dealer misplaces their license, they can use this form to request a duplicate. Like the HSMV 86720, it requires confirmation of certain identifying details to ensure that the correct individual or entity receives the replacement license.
• Form HSMV 8475: Application for Mobile Home Dealer License - This document is for those specifically involved in the mobile home industry. It gathers information about the business and its owners similarly to the HSMV 86720, focusing on licensing requirements in that niche market.
• Form HSMV 85029: Dealer Service Agreement - This form establishes a service agreement between the dealer and an electronic title and registration company. It shares with the HSMV 86720 a similar structure in requiring identification and business details, focusing on compliance within the dealer ecosystem.

Understanding these documents can help ensure that you are compliant and well-prepared throughout the licensing process. Each form serves its purpose but is connected by the overarching goal of maintaining standards in the industry.

When filling out the Hsmv 86720 form, following some guidelines can ensure a smooth process. Here are five things to do and five things to avoid:

• Do include your current or last license number, including any suffixes.
• Do ensure that all required documentation is submitted with the renewal application.
• Do check the box if there are any changes to your mailing address.
• Do provide a valid email address for communication from the Division of Motorist Services.
• Do verify that the information provided is accurate and complete, signing the form under penalty of perjury.

• Don't use white-out or correction tape on the application.
• Don't submit without the appropriate renewal fee; late submissions incur additional charges.
• Don't neglect to include proof of identification if you are a sole proprietor or partnership.
• Don't forget to sign the application; unsigned submissions may delay processing.
• Don't submit the form to the wrong regional office; it must go to the office responsible for your dealership.

Many people have misunderstandings about the HSMV 86720 form. Here are some common misconceptions, along with clarifications:

• It can be filed online. The HSMV 86720 form must be submitted to the regional office responsible for your dealership. Online submission is not permitted.
• Only motor vehicle dealers need this form. In fact, mobile home and recreational vehicle dealers also use this form for their license renewals.
• I don't need to submit proof of identification. If you are a sole proprietor or partnership, you must include acceptable proof of identification along with your application, unless you are using a Florida driver license.
• I can use white-out if I make a mistake. The application specifically states that you should not use white-out or correction tape. Any errors must be corrected by completing a new form.
• The renewal fee is the same for all dealers. Fees vary depending on the type of dealer and whether you choose an annual or biennial renewal. Make sure to check the specific fee for your category.
• All required documents can be sent separately after the form. All required documentation must be submitted together with the renewal application to avoid delays or penalties.

Filling out the HSMV 86720 form is a critical step for motor vehicle, mobile home, or recreational vehicle dealers in Florida. Here are five key takeaways to keep in mind:

• Submit on Time: Ensure your renewal application reaches the correct regional office before the deadline to avoid late fees. For annual renewals, the fee is $75, and for biennial renewals, it's $150.
• Proof of Identity: If you're a sole proprietor or part of a partnership, you must include proof of identification. Acceptable forms include a Florida driver's license, passport, or other government-issued ID.
• Complete Information: Fill out all sections fully and accurately. Missing or incorrect information can delay the processing of your application.
• Avoid Corrections: Do not use white-out or correction tape on the application form. Such alterations can lead to rejection of your submission.
• Documentation Matters: Make sure to include all required documentation. This may include a surety bond, proof of insurance, and registration certification from the Division of Corporations.

By following these guidelines, you can streamline your renewal process and ensure compliance with Florida's regulations.