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1999-27
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1999-27
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(d) All fees required pursuant to this section, including the initial application and <br />license fee, license renewal fee and reactivation fee shall be established by resolution of the <br />Commission. <br />(e) Each license must specify the location for which it is issued and shall be <br />conspicuously displayed at that location. When a title loan lender wishes to move a title loan <br />office to another location the title loan lender shall give thirty (30) days prior written notice to <br />the Department by certified or registered mail, return receipt requested, and the Department <br />days. <br />inactive <br />fee. <br />upon <br />the submission <br />of a completed <br />reactivation form and payment <br />of a reactivation <br />to this section <br />No <br />(d) All fees required pursuant to this section, including the initial application and <br />license fee, license renewal fee and reactivation fee shall be established by resolution of the <br />Commission. <br />(e) Each license must specify the location for which it is issued and shall be <br />conspicuously displayed at that location. When a title loan lender wishes to move a title loan <br />office to another location the title loan lender shall give thirty (30) days prior written notice to <br />the Department by certified or registered mail, return receipt requested, and the Department <br />days. <br />inactive <br />license may be reactivated <br />after ninety (90) <br />is <br />(d) All fees required pursuant to this section, including the initial application and <br />license fee, license renewal fee and reactivation fee shall be established by resolution of the <br />Commission. <br />(e) Each license must specify the location for which it is issued and shall be <br />conspicuously displayed at that location. When a title loan lender wishes to move a title loan <br />office to another location the title loan lender shall give thirty (30) days prior written notice to <br />the Department by certified or registered mail, return receipt requested, and the Department <br />transferable or assignable. <br />(f) A title loan lender licensed pursuant to this section shall designate and maintain <br />an agent in this state for service of process. <br />(g) A title loan lender licensed pursuant to this section shall apply to the <br />Department for a new license upon a change in ownership of twenty five percent (25%) or <br />license issued <br />for <br />license <br />is <br />shall then amend the license <br />accordingly. <br />A pursuant <br />to this section <br />not <br />transferable or assignable. <br />(f) A title loan lender licensed pursuant to this section shall designate and maintain <br />an agent in this state for service of process. <br />(g) A title loan lender licensed pursuant to this section shall apply to the <br />Department for a new license upon a change in ownership of twenty five percent (25%) or <br />an application for transfer of an existing license is required for any change, directly, or <br />beneficially, in the ownership of a title loan location if one or more of the holders of at least <br />seventy five percent (75%) of the outstanding equity interest in the title loan location or office <br />before the change in ownership continue to hold at least seventy five percent (75%) of the <br />outstanding equity interest in the title loan location or office after the change in ownership. <br />for <br />license <br />more by a natural <br />person in any <br />title loan location or <br />office. <br />No application <br />a or <br />an application for transfer of an existing license is required for any change, directly, or <br />beneficially, in the ownership of a title loan location if one or more of the holders of at least <br />seventy five percent (75%) of the outstanding equity interest in the title loan location or office <br />before the change in ownership continue to hold at least seventy five percent (75%) of the <br />outstanding equity interest in the title loan location or office after the change in ownership. <br />
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