In this scenario, Florida will collect six percent sales tax on $31,000, which is the advertised price of $40,000 minus the $1000 dealer incentive and $8000 trade-in allowance. Many states have laws or regulations that are similar to the Used Car Rule. 501.976 (16) states that Florida dealers … Some states incorporate the Used Car Rule by reference in their state laws. 2020 Dealer Day on the Hill. Topics for Applicants . Dealers who violate the Used Car Rule may be subject to penalties of up to $43,792 per violation in FTC enforcement actions. To assist you in keeping legally abreast, DMV.ORG has authored a dealer-related information page full of current state legislation laws regarding dealership business practices. Due to dealerships still experiencing law enforcement actions regarding dealer … What Are Florida's State Laws on Dealer Fees? 501.976 Actionable, unfair, or deceptive acts or practices. 2020 Dealer Day on the Hill. As per Florida Statute 501.976 (18), dealers in Florida must disclose whether a profit is built into each fee. Though the Coronavirus has slowed things down, the Florida … 2020 Dealer Day on the Hill. Sadly enough, too many shady characters in the used car industry have ruined it for the other dealers… There is no "grace period" or "3 day cooling off period" or similar law in Florida for returning a used car to the dealer. Both dealer applicants and licensed dealers will find plenty of helpful information in the lengthy Florida Motor Vehicle, Mobile Home, and Recreational Vehicle Dealers' Handbook.. Dealer … (1)(a) Any licensed motor vehicle dealer and any licensed mobile home dealer may, upon payment of the license tax imposed by s. 320.08(12), secure one or more dealer license plates, which are valid for use on motor vehicles or mobile homes owned by the dealer … However, if there is something wrong with the car, or the dealer engaged in … 2020 Dealer Day on the Hill. Because there is no lemon law for used cars in Florida, it's doubly important to make sure you know exactly what you're getting in the beginning. — It is an unfair or deceptive act or practice, actionable under the Florida Deceptive and Unfair Trade Practices Act, for a dealer to: The Florida DHSMV’s Bureau of Dealer Services issues and regulates numerous types of motor vehicle dealer licenses. Most types of dealer licenses carry the same general requirements, but … Bureau of Registration: processes and evaluates applications for firms and individuals seeking registration to conduct business in Florida. Please remember to place a copy of the updated DMV Memo from August 2013 in the glove compartment of any vehicle being driven on a Florida dealer plate. Also, F.S. (1)(a) Any licensed motor vehicle dealer and any licensed mobile home dealer may, upon payment of the license tax imposed by s. 320.08(12), secure one or more dealer license plates, which are valid for use on motor vehicles or mobile homes owned by the dealer … Bureau of Enforcement: conducts examinations of registered securities dealers… 2020 Dealer Day on the Hill. On this page you'll find a comprehensive list of regulations touching on Lemon Laws…