Chapter 537 Title Loans
- 537.001 Short title.
This act may be cited as the "Florida Title Loan Act." History.--s. 1, ch. 2000-138. ...
- 537.002 Legislative intent.
It is the intent of the Legislature that title loans shall be regulated by the provisions of this act. The provisions of this act shall...
- 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...
- 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...
- 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...
- 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...
- 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...
- 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...
- 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...
- 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...
- 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...
- 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...
- 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...
- 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,...
- 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...
- 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...
- 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....
