537.009 – Recordkeeping; Reporting; Safekeeping of Property.
537.009 Recordkeeping; reporting; safekeeping of property.— (1) Every title loan lender shall maintain, at the lender’s title loan office, such books, accounts, and records of the business conducted under the license issued for such place of business as will enable the office to determine the licensee’s compliance with this act. (2) The office may authorize the maintenance of […]
537.011 – Title Loan Charges.
537.011 Title loan charges.— (1) A title loan lender may charge a maximum interest rate of 30 percent per annum computed on the first $2,000 of the principal amount, 24 percent per annum on that part of the principal amount exceeding $2,000 and not exceeding $3,000, and 18 percent per annum on that part of the principal […]
537.012 – Repossession, Disposal of Pledged Property; Excess Proceeds.
537.012 Repossession, disposal of pledged property; excess proceeds.— (1) If a borrower fails to repay all amounts legally due under the title loan agreement on or before the end of the title loan’s maturity date or any extension of such date and fails to make a payment on the loan within 30 days after the end of […]
537.013 – Prohibited Acts.
537.013 Prohibited acts.— (1) A title loan lender, or any agent or employee of a title loan lender, shall not: (a) Falsify or fail to make an entry of any material matter in a title loan agreement or any extension of such agreement. (b) Refuse to allow the office to inspect completed title loan agreements, extensions of such agreements, […]
537.014 – Right to Reclaim; Lost Title Loan Agreement.
537.014 Right to reclaim; lost title loan agreement.— (1) Any person presenting identification of such person as the borrower and presenting the borrower’s copy of the title loan agreement to the title loan lender is presumed to be entitled to reclaim the loan property described in the title loan agreement. However, if the title loan lender determines […]
537.015 – Criminal Penalties.
537.015 Criminal penalties.— (1) Any person who acts as a title loan lender without first securing the license prescribed by this act commits a felony of the third degree, punishable as provided in s. 775.082, s. 775.083, or s. 775.084. (2) In addition to any other applicable penalty, any person who willfully violates any provision of this act […]
537.016 – Subpoenas; Enforcement Actions; Rules.
537.016 Subpoenas; enforcement actions; rules.— (1) The office may issue and serve subpoenas to compel the attendance of witnesses and the production of documents, papers, books, records, and other evidence before the office in any matter pertaining to this act. The office may administer oaths and affirmations to any person whose testimony is required. If any person […]
537.017 – Investigations and Complaints.
537.017 Investigations and complaints.— (1) The office may make any investigation and examination of any licensee or other person the office deems necessary to determine compliance with this act. For such purposes, the office may examine the books, accounts, records, and other documents or matters of any licensee or other person. The office may compel the production […]
537.018 – County and Municipal Ordinances.
537.018 County and municipal ordinances.—Nothing in this act precludes a county or municipality from adopting ordinances more restrictive, in whole or in part, than the provisions of this act. History.—s. 19, ch. 2000-138.
537.001 – Short Title.
537.001 Short title.—This act may be cited as the “Florida Title Loan Act.” History.—s. 1, ch. 2000-138.