- A Florida Title Loan Act Bond or a Title Loan Bond is really a $100,000 surety relationship that is needed for licensure to conduct company as a name loan lender into the State of Florida. The Florida Title Loan Act (Chapter 537, Florida Statutes) also itвЂ™s surety relationship requirement became effective on Oct. first, 2000. a title that is separate loan provider permit is needed for every name loan workplace, in addition, a $100,000 surety relationship is needed for every single license.
- Per Florida Statutes, Chapter 537, a name loan is described as that loan of cash up to a customer guaranteed by bailment of a certification of name to an automobile, except such loan produced by an individual certified under Chapter 516, Chapter 520, Chapter 655, Chapter 657, Chapter 658, Chapter 660, Chapter 663, Chapter 665, or Chapter 667 or an individual who complies with part 687.03, Florida Statutes.
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- Florida Title Loan Lender Bonds are individually underwritten so that the expense can differ and it is determined by the individual credit history associated with the applicant along with individual financials and company financials. “Florida Title Loan Act Surety Bond. What exactly is a Florida Title Loan Bond?”の続きを読む