Florida HSMV Form 86060 – Relinquish Dealer License – Florida motor vehicle, mobile home, and recreational vehicle dealers who decide to permanently close their business or stop operating under an existing dealer license must formally notify the Florida Department of Highway Safety and Motor Vehicles (FLHSMV). The official document used for this purpose is HSMV Form 86060, titled “Statement of Intent to Voluntarily Relinquish a Dealer License.”
Florida HSMV Form 86060 – Statement of Intent to Relinquish a Dealer License (PDF)
What Is Florida HSMV Form 86060?
HSMV 86060 is an official one-page statement in which a licensed dealer acknowledges their intent to voluntarily give up their Florida dealer license. According to the form itself (revised August 2011 and still current on the FLHSMV website), signing it confirms that the dealer understands they must also complete a separate Voluntary Relinquishment of License (VRL) agreement.
The form is listed on the official FLHSMV Forms page under the dealer-related documents and is available free of charge as a downloadable PDF.
Key points stated on the form include:
- The dealer’s intent to voluntarily relinquish the license
- Whether the physical license, dealer plates, and temporary tags have already been surrendered
- Requirements for resolving pending consumer complaints and sales transactions
- Rules for disposing of remaining vehicle inventory
When Do You Need Form 86060?
You should use Form 86060 if you are a licensed Florida dealer who plans to:
- Permanently close the dealership
- Stop operating under the current dealer license number
- Go out of business for any reason (retirement, sale of assets, financial reasons, etc.)
Important: A Florida dealer license cannot be sold, transferred, or assigned to another person or entity. Even if you sell the physical dealership location or inventory, the new owners must apply for their own new dealer license using Form 86056. The existing license must be formally relinquished.
Step-by-Step Process to Relinquish a Florida Dealer License
The process is managed by the FLHSMV Bureau of Dealer Services through its regional Motorist Services offices. Here is the typical sequence based on official form instructions and established dealer procedures:
- Notify your regional office – Contact the Division of Motorist Services regional office that covers your dealership location and inform them of your intent to close.
- Complete Form 86060 – Fill out and sign the Statement of Intent to Voluntarily Relinquish a Dealer License.
- Resolve pending matters – Address any open consumer complaints and complete all pending sales. Titles must be transferred and liens on trade-in vehicles must be paid (or a clear timeline provided). The department will not accept the relinquishment until these issues are resolved.
- Prepare an inventory list – If vehicles remain on the lot, attach a list showing year, make, and VIN of each unit.
- Dispose of inventory within 30 days – All remaining inventory must be sold or otherwise disposed of within 30 days of signing the Voluntary Relinquishment of License agreement. Failure to do so can result in the department rejecting the petition and initiating administrative action.
- Sign the Voluntary Relinquishment of License (VRL) agreement – This formal petition is prepared with the compliance examiner.
- Surrender required items – Turn in the dealer license certificate, all dealer plates, all temporary tags, and the dealer PIN.
- Obtain signatures – Both the dealer and the FLHSMV Compliance Examiner must sign Form 86060.
Until all required forms are completed and accepted, the department cannot formally accept the surrender of the dealer license.
Required Information on Form 86060
When completing the form, you will need to provide:
- Date
- Dealer’s signature and printed name
- Dealership street address, city, state, and ZIP code
- Dealership name
- Dealer license number
- Contact address and telephone number for the dealer after closing
- Compliance Examiner’s signature and printed name
The form also includes checkboxes confirming whether the license and tags have already been surrendered.
Important Rules and Consequences
According to the official form language and Florida dealer regulations:
- Pending titles and liens must be resolved before the relinquishment is accepted.
- Inventory must be cleared within the 30-day window after signing the VRL.
- Failure to properly notify the department or complete the process can leave the dealer liable for any activity conducted under the license after the intended closing date.
- The department may proceed with administrative actions if the requirements are not met.
Dealers are strongly advised not to simply stop operating or allow the license to expire without formal surrender. Proper relinquishment protects against future liability.
Where to Submit Form 86060?
Form 86060 and the related Voluntary Relinquishment of License agreement are handled by the regional Motorist Services office responsible for your county. Contact information for regional offices is available on the official FLHSMV Locations page.
It is recommended to call the regional office in advance to schedule an appointment with a Compliance Examiner, as they must sign the form.
Official Download and Additional Resources
Always download Form 86060 directly from the Florida Department of Highway Safety and Motor Vehicles to ensure you have the current version:
Download HSMV Form 86060 (PDF)
Related official resources:
- FLHSMV Complete Forms List
- Dealers, Installers, Manufacturers, Distributors, and Importers Information
- Find Your Local Motorist Services Regional Office
Frequently Asked Questions
Is there a fee to relinquish a dealer license?
No fee is required for the voluntary relinquishment process using Form 86060 and the VRL agreement.
Can I transfer my dealer license to a buyer?
No. Florida law does not allow the sale or transfer of a dealer license. The new owner must apply for a new license.
What happens if I still have inventory after 30 days?
The department may refuse to accept the relinquishment petition and can initiate administrative action against the licensee.
Do I need an attorney?
While not required, complex situations involving pending complaints, liens, or large inventories may benefit from professional guidance.
Is the form still current?
Yes. As of the most recent update on the official FLHSMV website, HSMV 86060 (Rev. 8/11) remains the active form for this purpose.
Conclusion
Properly completing Florida HSMV Form 86060 – Statement of Intent to Relinquish a Dealer License is an essential step for any Florida dealer closing operations. By following the official instructions, resolving outstanding transactions, disposing of inventory on time, and working with your regional Compliance Examiner, you can cleanly exit the licensed dealer status and avoid unnecessary liability.
Always use the official form available directly from the Florida Department of Highway Safety and Motor Vehicles and contact your regional Motorist Services office for personalized guidance.