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Division of Finance

Title Loan Lenders

Application Requirements

See Chapter 537, Florida Statutes

 

 

TYPE

TITLE LOAN LENDER

LICENSE TYPETLL
FEE$1,200 + $200 Investigation Fee
FORM 
NET WORTH REQUIREMENTN/A
SURETY BOND/CERTIFICATE OF DEPOSIT/LETTER OF CREDITMin. $100,000 plus additional $ 100,000 per location up to Max. $1,000,000
SURETY BOND FORM 
FINGERPRINT CARDYes/Executive Officers, Directors and 10% Shareholders
BIOGRAPHICAL SUMMARY (required for each owner of 10% or more, principal officer and director 
ADDITIONAL OFFICESMust obtain title loan lender license for each office
REGISTERED AGENT FOR SERVICE OF PROCESSYes
APPLICABLE FLORIDA ADMINISTRATIVE CODE RULES 69V-45, Florida Administrative Code

COMPLIANCE REQUIREMENTS

RENEWAL FORM 
RENEWAL FEE$1,200
RENEWAL DEADLINE9/30 Bi-Annual Even years
REINSTATEMENT FEE$600 + Renewal Fee
REINSTATEMENT DEADLINE6 months after Renewal Deadline
REINSTATEMENT RETROACTIVENo. - License reactivated only upon receipt of all required fees
BOOKS AND RECORDSRules
AMENDMENTS (to report changes)Written notice
CHANGE OF CONTROL (to report change of ownership 50% or greater)Comply with all requirements for new application
TERMINATIONWritten notice

 


Return to: Title Loan Home

Updated: Apr-08

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Florida, Office of Financial Regulation

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