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to a motor vehicle. <br />(f) "Title Loan Agreement" means a written agreement whereby the title loan lender <br />agrees to make a loan of a specific sum of money to a borrower, and the borrower agrees to <br />give the title loan lender a security interest in an unencumbered motor vehicle certificate of <br />title owned by the borrower. <br />(g) "Title Loan Lender" means any person who is engaged in the business of <br />making title loans or engaging in title loan agreements with borrowers, which includes, but is <br />not limited to, secondhand dealers, as defined in Chapter 538, Florida Statutes, as may be <br />amended. <br />(h) "Ultimate Equitable Owner" means a natural person who, directly or <br />indirectly, owns or controls an ownership interest in a corporation, a foreign corporation, an <br />alien business organization, or any other form of business organization, regardless of whether <br />such natural person owns or controls such ownership interest through one or more natural <br />persons or one or more proxies, powers of attorney, nominees, corporations, associations, <br />partnerships, trusts, joint stock companies, or other entities or devices, or any combination <br />thereof. <br />SECTION 3. MOTOR VEHICLE TITLE LOAN TRANSACTIONS. <br />(a) A title loan lender may engage in a title loan transaction, if the following <br />conditions are met: <br />(1) The title loan lender maintains physical possession of the motor vehicle <br />certificate of title, <br />