Motor Vehicle Retail Installment Seller
MV: Motor Vehicle Retail Installment Seller – Chapter 520 Part I, Florida Statutes: The license authorizes its holder to offer installment payments to its customers, for the sale of motor vehicles to retail buyers. This license is required by firms that sell and finance automobiles, trucks, trailers, RV's, motorcycles, and mobile homes.
In addition to the main location license, any subsequent location in another county other than the main office must be filed as a MVB: Motor Vehicle Retail Installment Branch Office by way of online.
Application Requirements
Apply for the license online via Online Services.
Maintaining or Renewing License
Filings to maintain, amend and renew the license are completed online via Online Services.
As a licensee under Chapter 520, Florida Statutes, you are required to submit certain notices to the Office pursuant to Chapter 520.999, Florida Statutes. Refer to the statute for more information.
** Above are only some of the requirements of a licensee under Chapter 520, Florida Statutes and Rule 69V-50, Florida Administrative Code. To review all requirements of a licensee, please access Chapter 520, Florida Statutes and Rule 69V-50, Florida Administrative Code.
Forms
OFR-520-01 - Application for License Under Chapter 520, Florida Statutes
OFR-520-02 - Application for Branch Office License Under Chapter 520, Florida Statutes
Statutes and Rules
Chapter 520, Part I, Florida Statutes - Motor Vehicle Sales Finance
Chapter 520, Part VI, Florida Statutes - Department Regulation of Sales and Finance
Rule 69V-50, Florida Administrative Code - Motor Vehicle Sales Finance
Rule 69V-85, Florida Administrative Code - Retail Installment Sales Act - General Rules