Exactly About Car Title Loan Company License

Exactly About Car Title Loan Company License

Automobile name loan providers must certanly be certified in Miami-Dade County so that you can practice the name loan financing business.

A name loan is that loan of income guaranteed with a certification of name to an auto. The title loan provider keeps the certification just in case the loan just isn’t compensated.

Car name loan enrollment

Bring the documents that are following individual:

  • Done Automobile Title Loan enrollment application
  • Title loan agreement
  • Relationship when you look at the level of $100,000. This protects customers that are hurt by any failure of this name loan company or breach associated with statutory legislation by the name loan lender
  • Present partnership agreement, if relevant
  • Latest report that is annual with all the Florida Division of Corporations (fictitious, partnership, business)
  • Police arrest records information, if relevant

The application will be considered abandoned and closed and a new application and fee will be required if the application process is not completed within 60 days of its filing.

  • Initial car name loan registration: $1,840.00
  • Biannual renewal cost: $1,404.00
  • Reactivation cost: $308.00
  • Replacement certification (optional): $17.00
  • Background check cost: $25.00

Money is certainly not accepted. Continue reading “Exactly About Car Title Loan Company License”