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redeemed. Before delivering the certificate of title or issuing a new title loan agreement, the <br />title loan lender shall require the borrower to make a written statement of loss, destruction, or <br />theft of the borrower's copy of the title loan agreement. The title loan lender shall record on <br />the written statement the type of identification and the identification number accepted from <br />the borrower, the date the statement is given, and the number or date of the title loan <br />agreement lost, destroyed or stolen. The statement shall be signed by the title loan lender or <br />the title loan office employee who accepts the statement from the borrower. <br />SECTION 7. LICENSES. <br />(a) No person may engage in business as a title loan lender ninety (90) days after <br />the effective date of this Ordinance unless the title loan lender has a valid license issued by the <br />business. The Department shall issue more than one license to an applicant if that applicant <br />be <br />for location <br />license. <br />loan <br />Department. <br />A separate <br />license will <br />required each physical <br />each <br />of title <br />business. The Department shall issue more than one license to an applicant if that applicant <br />(b) An application for a license pursuant to this section must be submitted to the <br />Department on such form as the Department may prescribe. If the Department determines <br />that a license should be granted, it shall issue the license for a period not to exceed two (2) <br />for <br />license. <br />is <br />complies <br />with the requirements <br />license renewal <br />of this section <br />each <br />(b) An application for a license pursuant to this section must be submitted to the <br />Department on such form as the Department may prescribe. If the Department determines <br />that a license should be granted, it shall issue the license for a period not to exceed two (2) <br />each title loan application. <br />fee. <br />license <br />is <br />(c) A title loan lender shall pay a biennial <br />automatically <br />license renewal <br />A <br />A <br />non-refundable <br />application <br />and <br />license <br />fee shall <br />accompany <br />an <br />initial <br />application <br />for <br />years. <br />each title loan application. <br />inactive license may be reactivated within ninety (90) days after the date it became inactive <br />fee. <br />license <br />is <br />(c) A title loan lender shall pay a biennial <br />automatically <br />license renewal <br />A <br />that not <br />inactive license may be reactivated within ninety (90) days after the date it became inactive <br />become inactive. <br />renewed at the end of each two (2) year period shall <br />automatically <br />An <br />inactive license may be reactivated within ninety (90) days after the date it became inactive <br />