The purpose of this rule development is to establish procedures and criteria pursuant to Section 212.14(4), F.S., for when the Department will require a cash deposit, cash bond, surety bond, or irrevocable letter of credit as a condition for any person to obtain, retain, or renew a dealer’s certificate of registration in order to ensure compliance with the provisions of Chapter 212, F.S., and for determining the amount of the required cash deposit, cash bond, surety bond, or irrevocable letter of credit.