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 necessary for licensure to conduct company as being a name loan lender into the State of Florida. The Florida Title Loan Act (Chapter 537, Florida Statutes) also it’s surety bond requirement became effective on Oct. first, 2000. a title that is separate lender permit is needed for every name loan office, in addition, a $100,000 surety relationship is needed for every single license.
• Per Florida Statutes,
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