Florida Irrevocable Letter of Credit Mobile Home Dealer
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STATE OF FLORIDA IRREVOCABLE LETTER OF CREDIT
DEPARTMENT OF HIGHWAY MOBILE HOME DEALER
SAFETY and MOTOR VEHICLES
2900 APALACHEE PARKWAY
ROOM A312, Mailstop #65
TALLAHASSEE, FLORIDA 32399-0500
IRREVOCABLE LETTER OF CREDIT NUMBER: ___________________________________________
This letter of credit is issued by _________________________________________________________,
authorized to do business in the state of Florida as a bank (hereinafter “the Bank”) at the request of
______________________________________________(hereinafter “the Principal”), to allow the Principal to
fulfill a condition precedent to his/her appointment as a mobile home dealer by the Department of Highway
Safety and Motor Vehicles (hereinafter “the Department”). The Principal shall deliver annually to the
Department a surety bond or irrevocable letter of credit for the license period for the protection of any person in
a retail or wholesale transaction who shall suffer loss as a result of the Principal's failure to comply with the
conditions of any written contract made by such Principal in connection with or as a result of any violation of
the provisions of Chapter 319 or 320, Florida Statutes, in the conduct of business as a mobile home dealer.
The Bank agrees to honor demands for payment by any person suffering a loss as specified above.
Provided, however, that the aggregate liability of the Bank hereunder shall, in no event, in any one year, exceed:
$25,000 for primary location and up to four supplemental locations
$50,000 for primary location and more than four supplemental locations.
This letter becomes effective as of ___________________________, ________ in support of a license
issued for the term ending ____________________________, ________ and may be continued by certificate
each year in support of any license issued for any subsequent year.
___ __
__________________________________________________ ___________________________________________________________
NAME OF DEALERSHIP SIGNATURE OF BANK OFFICER
________________________________________________________ ___________________________________________________________
SIGNATURE OF PRINCIPAL TITLE
________________________________________________________ ___________________________________________________________
TYPED OR PRINTED NAME BANK
________________________________________________________ ___________________________________________________________
DEALERSHIP 'S ADDRESS ADDRESS
________________________________________________________ ___________________________________________________________
CITY STATE ZIPCODE CITY ST ATE ZIPCODE
(BANK SEAL)
HSMV 86058 (Rev. 08/11)Relevant article from our knowledge database The letter of employment needs to have a very simple format. Don't forget this type of letter is composed of three distinct pieces. Therefore it is important to compose an extremely nice and convincing letter that will assist friends and family, colleagues, deputies, and superiors.
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In case you have at least two debts, then it's an excellent concept to consolidate these loans after carefully thinking about the scenario. Loans are now very commonplace now. If you intend to borrow or lend financing, it's always far better to go for a written loan agreement that clearly states the stipulations. Unsecured loans aren't secured by any asset for instance a home, jewelry, car, etc.. The lending company therefore doesn't have any means to recover the loan in the event the borrower makes the decision to renege from his commitment to pay back the loan. Whichever option you can choose, it's always more advisable to communicate with your creditor.