A dealer license can be denied if the applicant fraudulently completed the application or if the dealer principal has been convicted of a felony. A license can be revoked or suspended if either of these two situations has occurred and the Department later finds out about it after the license has been granted. Florida Statute Chapter 320.27(9) outlines a wide range of other issues and instances in which a license can be denied revoked or suspended.

The Division can also be notified when lapses in insurance coverage occurs by the insurance company, this also applies for surety bonds, or Irrevocable letter of credit. The dealer has the responsibility to notify the Division of any changes by submitting the proper proof of coverage indicating that no lapse has occurred. Dealers who fail to do so will be issued an Emergency Suspension Order (ESO) and an Administrative Complaint. They will have 21 days only from the date of the suspension to respond to the Division. If no response is received after 21 days, the dealer license will be revoked. The Division will not grant reinstatement. A Dealer attempting to reinstate the license will have to initiate the application process as a new dealer.

320.27 (9)(c) When a motor vehicle dealer is convicted of a crime which results in his or her being prohibited from continuing in that capacity, the dealer may not continue in any capacity within the industry. The offender shall have no financial interest, management, sales, or other role in the operation of a dealership.

For more information you can access the Florida Statutes at www.flsenate.gov.  You can access section 320.27(9), Florida Statutes at http://www.flsenate.gov/Laws/Statutes/2015/320.27