Let me make it clear about automobile Title Loan Business License

Let me make it clear about automobile Title Loan Business License

Automobile name loan providers must certanly be certified in Miami-Dade County to be able to participate in the name loan financing business.

A name loan is that loan of cash guaranteed with a certification of name to an auto. The name lender keeps the certification just in case the mortgage is certainly not compensated.

Automobile name loan enrollment

Bring the documents that are following person:

  • Done Automobile Title Loan enrollment application
  • Title loan contract
  • Relationship within the level of $100,000. This protects customers that are injured by any failure associated with the name loan company or breach for the statutory legislation because of the name loan lender
  • Present partnership contract, if relevant
  • Latest yearly report filed using 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.

If applying online, be sure to follow these guidelines.

  • Initial automobile name loan registration: $1,874.00
  • Biannual renewal cost: $1,430.00
  • Reactivation cost: $314.00
  • Replacement certification (optional): $18.00
  • Background check cost: $25.00

Money just isn’t accepted. (more…)

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