Form Hsmv 86060 PDF Details

When it comes time for a dealership owner in the State of Florida to step away from business and relinquish their dealer license, the Hsmv 86060 form becomes an essential step in the process. Drafted by the Florida Department of Highway Safety and Motor Vehicles, Division of Motorist Services, this form outlines a clear pathway for dealers to voluntarily surrender their license. It's not merely about indicating an intent; this document requires a detailed plan for handling pending transactions, consumer complaints, and remaining inventory. Dealers must demonstrate how they will transfer titles and settle liens, ensuring all affairs are in order prior to surrender. Moreover, it's imperative that dealers dispose of any remaining inventory within a designated timeframe, underlining the seriousness with which the department views the relinquishment process. The Hsmv 86060 form codifies the procedure, necessitating not only the dealer's acknowledgement but also a compliance examiner's verification. With its comprehensive requirements, the form safeguards consumer interests and ensures a smooth transition as dealers conclude their operations.

QuestionAnswer
Form NameForm Hsmv 86060
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesdivision of motorist services florida, division of motorist services, florida division of motorist services, facebook

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STATE OF FLORIDA

DEPARTMENT OF HIGHWAY SAFETY AND MOTOR VEHICLES

DIVISION OF MOTORIST SERVICES

NEIL KIRKMAN BUILDING – TALLAHASSEE, FLORIDA 32399-0500

STATEMENT OF INTENT

TO VOLUNTARILY RELINQUISH A DEALER LICENSE

It is understood that it is your intent to voluntarily relinquish your dealer license and that you have or have notalready freely given possession of your license, dealer and temporary tags to the Division of Motorist Services. In order to voluntarily relinquish your dealer license you must complete and sign a Voluntary Relinquishment of License agreement, which will serve as your petition to voluntarily relinquish your dealer license.

If there are any pending consumer complaints, and/or pending sales transactions at your dealership, you will also be required to provide documentation indicating whether the titles have been transferred and/or the liens on trade-in vehicles have been paid and, if not, when these transactions will occur. Unless all titles have been transferred and/or all liens on trade-in vehicles have been paid, your Voluntary Relinquishment of License will not be accepted. This documentation should also include a brief explanation of why these transactions have not occurred, if applicable.

If you still have inventory at your dealership, a list with the year, make, and vehicle identification number of each vehicle must be attached to the Voluntary Relinquishment of License agreement. All inventories must be disposed of within 30 days from the date you sign the Voluntary Relinquishment agreement or the department will not accept the petition to voluntarily relinquish the license and will proceed with administrative actions against the licensee.

Until these forms are completed, the department cannot accept the surrender of your dealer license.

By signing below, you acknowledge receipt of these instructions and agree to complete the procedure described.

 

Date

 

 

 

 

 

Dealer’s Signature

 

Dealership Name

 

 

 

 

 

Printed Dealer’s Name

 

Dealer License Number

 

 

 

 

 

Dealership Street Address

 

Contact Address for Dealer

 

 

 

 

 

Dealership City, State, and Zip Code

 

Contact Telephone Number for Dealer

 

 

 

 

Compliance Examiner’s Signature

 

 

 

 

Print Compliance Examiner’s Name

HSMV 86060 (Rev. 8/11)

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