2001 Florida Code
TITLE XXXIII Regulation Of Trade, Commerce, Investments, And Solicitations
Chapter 537 Title Loans  
537.009   Recordkeeping; reporting; safekeeping of property.

537.009  Recordkeeping; reporting; safekeeping of property.--

(1)  Every title loan lender shall maintain, at the lender's title loan office, such books, accounts, and records of the business conducted under the license issued for such place of business as will enable the department to determine the licensee's compliance with this act.

(2)  The department may authorize the maintenance of books, accounts, and records at a location other than the lender's title loan office. The department may require books, accounts, and records to be produced and available at a reasonable and convenient location in this state within a reasonable period of time after such a request.

(3)  The title loan lender shall maintain the original copy of each completed title loan agreement on the title loan office premises, and shall not obliterate, discard, or destroy any such original copy, for a period of at least 2 years after making the final entry on any loan recorded in such office or after a department examination, whichever is later.

(4)  Loan property which is delivered to a title loan lender shall be securely stored and maintained at the title loan office unless the loan property has been forwarded to the appropriate state agency for the purpose of having a lien recorded or deleted.

(5)  The department may prescribe by rule the books, accounts, and records, and the minimum information to be shown in the books, accounts, and records, of licensees so that such records will enable the department to determine compliance with the provisions of this act.

History.--s. 9, ch. 2000-138.