537.002 – Legislative Intent.
537.002 Legislative intent.—It is the intent of the Legislature in the creation of this chapter that title loans to consumers be regulated by the provisions of this act. The provisions of this act supersede any other provisions of state law affecting title loans to the extent of any conflict. History.—s. 2, ch. 2000-138; s. 1, ch. […]
537.003 – Definitions.
537.003 Definitions.—As used in this act, unless the context otherwise requires: (1) “Commercially reasonable” has the same meaning as used in part V of chapter 679. In addition, nonpublic sales or disposal of personal property between a title loan lender and any business affiliates of a title loan lender or a member of a title loan lender’s […]
537.004 – License Required; License Fees.
537.004 License required; license fees.— (1) A person may not act as a title loan lender or own or operate a title loan office unless such person has an active title loan lender license issued by the office under this act. A title loan lender may not own or operate more than one title loan office unless […]
537.005 – Application for License.
537.005 Application for license.— (1) A verified application for licensure under this act, in the form prescribed by commission rule, shall: (a) Contain the name and the residence and business address of the applicant. If the applicant is other than a natural person, the application shall contain the name and the residence and business address of each ultimate […]
537.006 – Denial, Suspension, or Revocation of License.
537.006 Denial, suspension, or revocation of license.— (1) The following acts are violations of this act and constitute grounds for the disciplinary actions specified in subsection (2): (a) Failure to comply with any provision of this act, any rule or order adopted pursuant to this act, or any written agreement entered into with the office. (b) Fraud, misrepresentation, deceit, […]
537.007 – Remedies for Title Loans Made Without Licensure.
537.007 Remedies for title loans made without licensure.—Any title loan made without benefit of a license is void, in which case the person making the title loan forfeits the right to collect any moneys, including principal and interest charged on the title loan, from the borrower in connection with such agreement. The person making the title […]
537.008 – Title Loan Agreement.
537.008 Title loan agreement.— (1) At the time a title loan lender makes a title loan, the lender and the borrower shall execute a title loan agreement, which shall be legibly typed or written in indelible ink and completed as to all essential provisions prior to execution by the borrower and lender. The title loan agreement shall […]