§ 18-141. Definitions.

Latest version.

(a)

Title loan agreement means a written agreement whereby a secondhand dealer agrees to make a loan of a specific sum of money to the owner of a motor vehicle, and the owner of the motor vehicle agrees to give the secondhand dealer a security interest in a motor vehicle certificate of title owned by the borrower and encumbered only by a title loan agreement.

(b)

Secondhand dealer has the same meaning as used in section 538.03(1)(a), Florida Statutes, as it may be amended from time to time.

(Ord. No. 99-15, § 1, 7-13-99)

                    
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