Retail Installment Sellers Quick Reference Chart

Division of Finance
Retail Installment Sellers
Application Requirements
See Chapter 520 , Florida Statutes

Branch Requirements

TYPE MOTOR VEHICLE RETAIL INSTALLMENT SELLER RETAIL INSTALLMENT SELLER SALES FINANCE COMPANY HOME IMPROVEMENT FINANCE SELLER
LICENSE TYPE MV RS SF HI
FEE $175 $175 $175 $175
FORM OFR-HV-1 OFR-HR-1 OFR-HI-1 OFR-HC-1
OWNERS AND PRINCIPALS OF BUSINESS EXHIBIT A EXHIBIT A EXHIBIT A EXHIBIT A
NET WORTH REQUIREMENT None None None None
SURETY BOND None None None None
BRANCH OFFICE REQUIREMENTS One license per legal entity per county required Required to do business at any location other than the principal place of business Required to do business at any location other than the principal place of business Required to do business at any location other than the principal place of business
APPLICABLE FLORIDA ADMINISTRATIVE CODE RULES 69V-50, Motor Vehicle Sales Finance 69V-60, Retail Installment Sales 69V-70, Sales Finance 69V-80, Home Improvement Sales and Finance

COMPLIANCE REQUIREMENTS
RENEWAL FEE (Biennially) $175 per location $175 per location $175 per location $175 per location
RENEWAL FORMS OFR-MV-3 OFR-RS-3 OFR-SF-3 OFR-HI-3
RENEWAL DEADLINE 12/31 in even numbered years 12/31 in even numbered years 12/31 in even numbered years 12/31 in even numbered years
REINSTATEMENT FEE (In addition to renewal fee) $175 per location $175 per location $175 per location $175 per location
REINSTATEMENT DEADLINE 6/30 following renewal period (Odd years) 6/30 following renewal period (Odd years) 6/30 following renewal period (Odd years) 6/30 following renewal period (Odd years)
REINSTATEMENT RETROACTIVE No - license reactivated only upon receipt of all required fees No - license reactivated only upon receipt of all required fees No - license reactivated only upon receipt of all required fees No - license reactivated only upon receipt of all required fees

RETAIL INSTALLMENT SELLER BRANCHES
TYPE MOTOR VEHICLE RETAIL SELLER BRANCH RETAIL INSTALLMENT SELLER BRANCH SALES FINANCE COMPANY BRANCH HOME IMPROVEMENT FINANCE SELLER BRANCH
LICENSE TYPE MVB RSB SFB HIB
FEE $175 $175 $175 $175
FORM OFR-HV-2 OFR-HR-2 OFR-HI-2 OFR-HC-2
APPLICABLE FLORIDA ADMINISTRATIVE CODE RULES 69V-50, Motor Vehicle Sales Finance 69V-60, Retail Installment Sales 69V-70, Sales Finance 69V-80, Home Improvement Sales and Finance

COMPLIANCE REQUIREMENTS
RENEWAL FEE (Biennially) $175 $175 $175 $175
RENEWAL FORM OFR-MV-3 OFR-RS-3 OFR-SF-3 OFR-HI-3
RENEWAL DEADLINE 12/31 in even numbered years 12/31 in even numbered years 12/31 in even numbered years 12/31 in even numbered years
REINSTATEMENT FEE (In addition to renewal fee) $175 $175 $175 $175
REINSTATEMENT DEADLINE 6/30 following renewal period (Odd years) 6/30 following renewal period (Odd years) 6/30 following renewal period (Odd years) 6/30 following renewal period (Odd years)
REINSTATEMENT RETROACTIVE No - license reactivated only upon receipt of all required fees No - license reactivated only upon receipt of all required fees No - license reactivated only upon receipt of all required fees No - license reactivated only upon receipt of all required fees

Return to: Retail Installment Seller

Updated: 13 Jul 2007