Florida Title Loan Act Surety Bond. What’s a Florida Title Loan Bond?

  • A Florida Title Loan Act Bond or perhaps a Title Loan Bond is a $100,000 surety relationship that is necessary for licensure to conduct company as being a name loan lender when you look at 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 title that is separate loan provider permit is necessary for every single name loan workplace, in addition, a $100,000 surety relationship is necessary for every single permit. Read more