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1999-27
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1999-27
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Last modified
3/26/2019 10:39:39 AM
Creation date
9/30/2015 3:51:53 PM
Metadata
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Ordinances
Ordinance Number
1999-27
Adopted Date
09/28/1999
Ordinance Type
Title Loans
State Filed Date
10\04\1999
Entity Name
Motor Vehicle Title Loans
Subject
Title Loan Ordinance
Codified or Exempt
Codified
Archived Roll/Disk#
2744
Supplemental fields
SmeadsoftID
951
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eligibility requirements of subsections (h) (2) and (h) (3) shall apply to each direct or ultimate <br />equitable owner. <br />(j) If an applicant for a title loan lending license is a corporation, the eligibility <br />requirements of subsections (h)(2) and (h)(3) apply to each direct or ultimate equitable owner <br />of at least twenty-five percent (25%) of the outstanding equity interest of such corporation and <br />to each Department and executive officer. <br />(k) The Department shall determine the form of the license and may perform <br />0) Licensees shall report changes in address, location of records, and any change of <br />books be <br />days <br />principal <br />place of business. <br />criminal background checks <br />as appropriate <br />to <br />this section. <br />thirty (30) <br />of the change. <br />0) Licensees shall report changes in address, location of records, and any change of <br />SECTION 8. RECORD KEEPING. <br />(a) Every title loan lender licensed by the Department shall maintain, at the <br />principal place of business designated on the license, all books, accounts, records, and <br />documents necessary to determine the title loan lender's compliance with this Ordinance <br />(b) The Department may authorize maintenance of records at a location other than <br />books be <br />days <br />principal <br />place of business. <br />The Department <br />an executive officer <br />within <br />thirty (30) <br />of the change. <br />SECTION 8. RECORD KEEPING. <br />(a) Every title loan lender licensed by the Department shall maintain, at the <br />principal place of business designated on the license, all books, accounts, records, and <br />documents necessary to determine the title loan lender's compliance with this Ordinance <br />(b) The Department may authorize maintenance of records at a location other than <br />and available at a reasonable and convenient location within Indian River County, Florida. <br />(c) All books, accounts, records, documents and receipts for expenses paid by the <br />title loan lender on behalf of the borrower, including each contract signed by the borrower <br />and expenses incurred by the title loan lender in the event of foreclosure and property <br />recovery, shall be preserved by the title loan lender and shall be made available to the <br />books be <br />a <br />principal <br />place of business. <br />The Department <br />may require and records to produced <br />and available at a reasonable and convenient location within Indian River County, Florida. <br />(c) All books, accounts, records, documents and receipts for expenses paid by the <br />title loan lender on behalf of the borrower, including each contract signed by the borrower <br />and expenses incurred by the title loan lender in the event of foreclosure and property <br />recovery, shall be preserved by the title loan lender and shall be made available to the <br />
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