My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
9/28/1999
CBCC
>
Meetings
>
1990's
>
1999
>
9/28/1999
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/23/2015 12:11:58 PM
Creation date
6/17/2015 12:48:19 PM
Metadata
Fields
Template:
Meetings
Meeting Type
Regular Meeting
Document Type
Minutes
Meeting Date
09/28/1999
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
156
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
I <br />GOO <br />Jackie Dowd, Assistant Attorney General for the State of Florida, on behalf of <br />Attorney General Bob Butterworth urged the Board to pass the ordinance. She cited an <br />example of the misuse of these interest rates as follows: a gentleman from Indian Harbor <br />Beach borrowed $668 in December of 1966 and signed an agreement to repay the loan, <br />secured by his vehicle. In 30 days the sum of $802 was due. This gentleman's monthly <br />interest payment is now $134 and he has paid $4,293 on this loan, while still owing $500 in <br />principal. This loan is within the 264% and legal under current state law. <br />The Chairman opened the public hearing and asked if anyone wished to be heard in <br />this matter. There being none, the Chairman closed the public hearing. <br />ON MOTION by Commissioner Adams, <br />SECONDED by Commissioner Ginn, the Board <br />unanimously adopted Ordinance 99-027 pertaining <br />to regulation of the Motor Vehicle Title Loan <br />Industry; providing: a title, definitions, conditions <br />for engaging in title loan transactions; maximum <br />interest rate; requirements upon transaction <br />satisfaction and default; right to redeem and lost title <br />loan agreements; licenses; record keeping <br />requirements; violations; enforcement and penalties; <br />hearings and appeals; transitionperiod; applicability; <br />repeal of laws in conflict; severability; inclusion in <br />the Code of Laws and Ordinances; and an effective <br />date. <br />SEPTEMBER 28, 1999 <br />-112- <br />
The URL can be used to link to this page
Your browser does not support the video tag.