In the case of a principle of a motor vehicle dealership wanting to fulfill a condition that is required for his dealership to be recognized in the State of Florida, the following letter has to be completed and submitted.Download
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STATE OF FLORIDA IRREVOCABLE LETTER OF CREDIT DEPARTMENT OF HIGHWAY MOTOR VEHICLE DEALER SAFETY and MOTOR VEHICLES 2900 APALACHEE PARKWAY ROOM A312, Mailstop #65 TALLAHASSEE, FLORIDA 32399 -0500 IRREVO CABLE 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 appointment as a motor vehicle 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 wh o shall suffer any 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 motor vehicle 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, ex ceed $25,000. 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 ADDRESS ADDRESS ________________________________________________________ ___________________________________________________________ CITY STATE ZIPCODE CITY STATE ZIPCODE _________________________________________________________ BANK TELEPHONE NUMBER (BANK SEAL) HSMV 86057 (Re v. 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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