0
Yes, according to Florida state law. Title XXXIII, chapter 537 (also known as the "Florida Title Loan Act") discusses the requirement that any entity providing title loans must be licensed.
Specifically:
537.002 indicates that the industry is regulated and those in the industry must be licensed to participate.
537.004 indicates that a title loan issuer must be bonded (minimum $100,000) and pay application ($1,200), investigation ($200) and/or renewal ($1,200) fees to be considered for a license.
537.005 summarizes the fees and bonding requirements in detail.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
Are there companies that will buy back title loans?
Your question is a bit unclear however most companies do buy other companies title loans and give youa fresh start. One company is 800LoanMart.com
Could you inform me about title pawn loans?
A title pawn loan is a method of using your vehicle title as collateral for cash. Its mostly done when you need money and don't have time. You can give your vehicle for a certain time to and get cash for it.
How many types of loan a bank can give?
Home Loans, Car loans, education loans, personal loan
What determine the amount for a title loan?
Title loans are worse than payday loans. If you miss a payment, they take your car. The interest rates on these loans are generally very high, making it quite difficult to pay back on time. You run a great risk of losing your car. The amount of money they give you for the loan is a mere fraction of what the car is actually worth. It's a win win situation for the lender. I don't like payday loans at all, but I would even say that they are better than losing your car.
What kind loans does Bank of America offer?
Bank of America gives many types of loans. They give home loans, auto loans, school loans, and refinance loans. These loans are offered online at the official Bank of America website.
what are the requirements for an auto title loan in panama city florida?
In Florida, all you need is a car and a lender. If you can find someone to give you the money, than you are all set. Of course there are big risks in title loans since if you miss a payment then you will lose the title and lose your car.
Does The Deutcshe Bank give home loans to legal entities?
Yes contact Kress Zahringer in Florida. He is the only person in Deutche Bank that will give home loans
Are there companies that will buy back title loans?
Your question is a bit unclear however most companies do buy other companies title loans and give youa fresh start. One company is 800LoanMart.com
Do auto cash title loans put a lien against your car?
Auto cash title loans do not put a lien on your car. What happens is you surrender the title to the loan company and they give you cash. If you fail to pay back the loan, they have the title and are now able to legally come and take your vehicle.
Which products are available from City Loans?
City Loans offers fast cash loans over the internet. There is never a credit check because they take the title to your automobile as collateral. Once you have paid back the loan and any incurred interest they will give you back the title to your car.
Is it secure to get automobile title loans?
Automobile Title Loans are safe, just make sure that you purchase it from a retailer that you trust. You may have to give some personal information. Do some research, before you make a purchase to ensure 100% safety.
Could you inform me about title pawn loans?
A title pawn loan is a method of using your vehicle title as collateral for cash. Its mostly done when you need money and don't have time. You can give your vehicle for a certain time to and get cash for it.
Will this give you more loans to fix your home?
There are several ways to get loans to fix your home. If you don't have a lot of equity you can get an FHA Title 1 Loan. Your local bank may also be able to help you get a loan.
What is the difference between a cancelled drivers license and a suspended drivers license in Florida?
A cancelled license means you will have to go to court, and possibly will never drive AGAIN. When it's cancelled, you will have to go to court, and only they can give it back.
How are credit unions similar to banks?
They both give out loans
How can you get the loans in hyderabad?
The banks give loans here
How do you get a good rate on an auto title loan?
Don't get an Auto Title loan. These loans are not made to give anyone a good rate. In most cases people end up paying more interest then they did for their car.
