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F, <br />U <br />SECTION 1TME <br />This Ordinance shall be known and cited as the "Title Loan Ordinance of Indian River <br />County, Florida." <br />SECTION 2 -DEFINITIONS. <br />As used in this Ordinance: <br />(a) "Commission" means the Board of County Commissioners of Indian River <br />County, Florida. <br />(b) "Department" means the Indian River County Department of Community <br />Development. <br />(c) "Motor Vehicle" means an automobile, motorcycle, truck, trailer, semi -trailer, <br />truck tractor and semi -trailer combination, or any other vehicle operated on public highways <br />and streets, used to transport persons or property, and propelled by power other than <br />muscular power, but excluding vehicles which run only upon a track. <br />(d) "Person" includes, but is not limited to, any individual, corporation, company, <br />association, firm, partnership, society, or joint stock company. <br />(e) "Title Loan" means a loan of money secured by bailment of a certificate of title <br />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 />SEPTEMBER 28,1999 <br />-114- <br />a <br />• <br />