§ 1-10-332. Definitions.

As used in this article:

Title loan agreement means a written agreement whereby a title loan lender agrees to make a loan of a specific sum of money to a borrower and the borrower agrees to give the title loan lender a security interest in an unencumbered motor vehicle certificate of title owned by the borrower.

Title loan means a loan of money to a borrower secured by a bailment of a certificate of title to a motor vehicle.

Title loan lender means any person, corporation, company, association, firm, partnership, society, or joint stock company engaged in the business of making title loans or engaging in title loan agreements with borrowers including, but not limited to, secondhand dealers as defined in Chapter 538, Florida Statutes.

Motor vehicle means any automobile, motorcycle, truck, trailer, semitrailer, truck tractor and semitrailer combination, or any other vehicle operated on roads used to transport persons or property, and propelled by power other than muscular power. The term "Motor Vehicle" does not include bicycles, mopeds or any vehicles that are run only upon a track.

(Ord. No. 2000-002, § 2, 1-25-00)