Florida Mobile Home Dealer Bond
Florida mobile home dealers are required by the Florida Department of Highway Safety and Motor Vehicles (FLHSMV) to file a surety bond as part of the licensing process. This requirement helps ensure that all licensed dealers comply with state laws and operate honestly and responsibly when selling or brokering mobile homes.
The Florida Mobile Home Dealer Bond provides financial protection for consumers and the state in the event a licensed dealer engages in unethical, fraudulent, or unlawful business practices. If a dealer violates the law, a claim may be made against the bond to recover losses.
Who Needs This Bond?
Any individual or business that sells, offers for sale, or deals in mobile homes within the state of Florida must obtain a Mobile Home Dealer License through the FLHSMV. As part of that licensing process, a surety bond must be filed with the department.
This requirement applies to:
Retail mobile home dealers
Wholesale mobile home dealers
Brokers or resellers of manufactured housing
The bond must remain active for the entire duration of the dealer’s license period and must be renewed annually before the license expires.
Bond Amount and Requirements
Dealers with four or fewer supplemental licenses must post a $25,000 bond.
Dealers with more than four supplemental licenses must post a $50,000 bond.
The bond must be issued in favor of the State of Florida and conditioned upon compliance with Chapter 320 of the Florida Statutes.
The bond must be filed with the FLHSMV as part of the licensing process and renewed annually.