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MV: Motor Vehicle Retail Installment
Seller
The primary license issued for retailers of motor vehicles who
finance by installment contract to retail buyers. This license
is required by firms that sell and finance automobiles, trucks,
trailers, RV's, motorcycles, and mobile homes. Only one license
is required per legal entity per county.
MVB: Motor Vehicle Retail Installment Branch office
Any subsequent location in another
county other than the main office.
520-Part I,
Florida Statutes
Rule
69V-50
Motor Vehicle Sales Finance
RS: Retail Installment Seller
The main office of any retail business
offering installment financing to its customers, for goods or
services other than motor vehicle and home improvement businesses.
This license authorizes the holder to finance the goods or services
sold by installment contract or revolving charge account to
a retail buyer. This license is required if the goods or services
are primarily for personal, family or household use.
RSB: Retail Installment Seller Branch
Any subsequent location other than the main
office.
520-Part II,
Florida Statutes
Rule
69V-60
Retail Installment Sales
SF: Sales Finance
Company
The main office of any business which purchases retail
installment contracts from entities licensed in Florida as
motor vehicle installment sellers, retail installment
sellers or home improvement finance sellers.
SFB: Sales Finance Company
Branch
Any subsequent location other than the main office.
520-Part III, Florida Statutes
Rule
69V-70
Installment Sales Finance
HI: Home Improvement Finance Seller
The main office of any business involved in the financing of
home improvements which are secured by a mortgage or lien on
real property. This provision applies to a business that directly
or indirectly enters into two or more home improvement contracts,
each of which is for consideration of $500 or more, in any calendar
year. This license is required for a contractor who repairs,
remodels or adds improvements to a single family residence pursuant
to a written agreement, and when a mortgage lien on
the property is retained as security. A home improvement
contractor may also need a Retail Installment Seller license
for contracts on which there is no mortgage taken as security
for the loan.
HIB: Home Improvement Finance Seller Branch
Any location other than the main office.
520-Part IV,
Florida Statutes
Rule
69V-80
Home Improvement Sales And Finance
520-Part V,
Florida Statutes
Rule
69V-85 Retail Installment Sales Act - General Rules
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is provisional. For matters affecting legal rights, please refer
to the printed version of the appropriate official publication.
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