Florida HSMV Form 86050 – Mobile Home Manufacturer Bond – If you manufacture mobile homes in Florida or produce them out of state for sale within Florida, you must comply with strict licensing requirements set by the Florida Department of Highway Safety and Motor Vehicles (FLHSMV). One of the most important documents in this process is HSMV Form 86050, the official Surety Bond for Mobile Home Manufacturers.
This comprehensive guide explains what Form 86050 is, why it is required, the bond amount, how to obtain it, and how it fits into the overall licensing process under Florida law.
What Is Florida HSMV Form 86050?
HSMV Form 86050 is the official surety bond form required by the Florida Department of Highway Safety and Motor Vehicles for mobile home manufacturers. The form is titled “Surety Bond – Mobile Home Manufacturer” and is issued by the Division of Motorist Services.
The bond serves as a financial guarantee that the manufacturer will comply with the conditions of any written contracts related to the manufacture or sale of mobile homes and will not violate provisions of Chapters 319 or 320 of the Florida Statutes. It protects retail customers who may suffer losses due to the manufacturer’s failure to meet contractual obligations or legal requirements.
You can download the official form directly from the FLHSMV website:
Download Florida HSMV Form 86050 (PDF)
Legal Basis: Section 320.8225, Florida Statutes
The requirement for this surety bond is established in Section 320.8225 of the Florida Statutes. This statute mandates that any person or entity engaged in the business of a mobile home manufacturer in Florida—or manufacturing mobile homes out of state that are ultimately offered for sale in Florida—must obtain an annual license from the FLHSMV.
As a condition of receiving or renewing that license, the manufacturer must submit a surety bond (or acceptable alternative) in the amount of $50,000. Only one bond is required per manufacturer, regardless of the number of factory locations.
Bond Amount and Coverage
The required bond amount under Form 86050 is $50,000. This amount remains the same whether the manufacturer has one facility or multiple locations.
The bond is payable to the Director of the Division of Motorist Services of the State of Florida and is for the benefit of any retail customer who suffers a loss resulting from:
- Failure to comply with the conditions of any written contract related to the manufacture or sale of a mobile home
- Violation of the provisions of Chapter 319 or Chapter 320, Florida Statutes, in the conduct of the licensed business
The aggregate liability of the surety in any one year cannot exceed the $50,000 bond amount. The surety may terminate its liability by providing written notice to the FLHSMV, with liability ending 30 days after such notice.
Who Needs to File Form 86050?
The following entities must file HSMV Form 86050:
- Mobile home manufacturers operating factories within Florida
- Out-of-state manufacturers whose mobile homes are ultimately offered for sale in Florida
A separate license is required for each factory location, but only one $50,000 surety bond is needed for the entire manufacturer, regardless of the number of locations.
Alternative to the Surety Bond
Florida law allows mobile home manufacturers to submit an irrevocable letter of credit in lieu of a surety bond. The letter of credit must also be in the amount of $50,000 and must be issued by a financial institution. The corresponding form for this alternative is HSMV Form 86059.
Both the surety bond and the irrevocable letter of credit serve the same purpose: protecting retail customers and ensuring compliance with Florida’s manufactured housing regulations.
How to Obtain and Complete Form 86050?
To complete the process:
- Download the official form from the FLHSMV website: HSMV Form 86050 PDF
- Contact a surety company authorized to do business in Florida. The bond must be issued by a qualified surety.
- Provide the surety with your company information, including legal name, address, and licensing details.
- The surety will complete and execute the bond form, which includes the bond number, principal (manufacturer) information, surety information, effective date, and signatures.
- Submit the original executed bond along with your license application or renewal package to the FLHSMV.
The bond becomes effective on the date specified and covers the license period ending September 30 of the applicable year. A new bond or continuation certificate must be submitted at the beginning of each license period.
Licensing Process Overview for Mobile Home Manufacturers
Form 86050 is only one component of the full licensing requirements. According to FLHSMV guidelines, applicants typically must also submit:
- Completed Application for License (HSMV Form 84256)
- License fee of $340 (payable to DHSMV)
- Current financial statement
- Copy of the product warranty
- Statement of any service agreement or policy
- Federal Employer Identification Number (FEIN)
- Articles of Incorporation or organization documents (for corporations)
- List of authorized Florida dealers
- Proof of registration with the Florida Division of Corporations
The license period runs from October 1 through September 30 each year. Renewal applications use Form 86218.
For the most current forms and instructions, visit the official FLHSMV Forms and Resources page: FLHSMV Manufacturer License Forms.
Cost of the Florida Mobile Home Manufacturer Surety Bond
The premium cost for the $50,000 surety bond varies based on the applicant’s creditworthiness, financial strength, and other underwriting factors. Manufacturers with strong credit may qualify for rates as low as approximately 1% of the bond amount (around $500 per year), while those with weaker credit profiles will pay higher premiums.
It is advisable to obtain quotes from multiple licensed surety providers to secure the most competitive rate.
Key Points to Remember
- Bond amount is fixed at $50,000
- Only one bond is required per manufacturer, even with multiple factory locations
- The bond must remain in force for the entire license period
- A continuation certificate or new bond is required each year at renewal
- Failure to maintain the required bond can result in denial, suspension, or revocation of the manufacturer license
Official Resources and Downloads
Always use official sources when dealing with Florida licensing requirements:
- Official HSMV Form 86050 – Surety Bond, Mobile Home Manufacturer
- Mobile Home Manufacturers Frequently Asked Questions (FLHSMV)
- FLHSMV Forms and Resources for Manufacturers
- Florida Statutes § 320.8225 – Full Text
Conclusion
Florida HSMV Form 86050 is a critical requirement for any company seeking to manufacture or sell mobile homes in the state. The $50,000 surety bond protects consumers and demonstrates the manufacturer’s commitment to complying with Florida’s manufactured housing laws.
By understanding the form’s purpose, the related legal requirements under Section 320.8225, and the overall licensing process, manufacturers can ensure a smooth application or renewal experience with the Florida Department of Highway Safety and Motor Vehicles.