Florida Statutes Title XXXIII 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 in the creation of this chapter that title loans to consumers be regulated by the provisions of this...
• 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,...
• 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 of...
• 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...
• 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 material...
• 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.History.—s....

Last modified: September 23, 2016