Florida Title Loan Act Surety Bond. What exactly is a Florida Title Loan Bond?

Florida Title Loan Act Surety Bond. What exactly is a Florida Title Loan Bond?

  • A Florida Title Loan Act Bond or even a Title Loan Bond is really a $100,000 surety relationship that is needed for licensure to conduct company as being a name loan lender within the State of Florida. The Florida Title Loan Act (Chapter 537, Florida Statutes) also it’s surety relationship requirement became effective on Oct. first, 2000. a split name loan loan provider permit is necessary for every single name loan workplace, in addition, a $100,000 surety relationship is necessary for every single permit. Continue reading “Florida Title Loan Act Surety Bond. What exactly is a Florida Title Loan Bond?”