Florida Statute 520.03 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXIII
REGULATION OF TRADE, COMMERCE, INVESTMENTS, AND SOLICITATIONS

Chapter 520
RETAIL INSTALLMENT SALES

View Entire Chapter

F.S. 520.03

520.03 Licenses.—

(1) A person may not engage in the business of a motor vehicle retail installment seller or operate a branch of such business without a license as provided in this section; however, a bank, trust company, savings and loan association, or credit union authorized to do business in this state is not required to obtain a license under this part. If a motor vehicle retail installment seller has more than one location in the same county, only one license shall be required for that county.

(2) An application for a license under this part must be submitted to the office in such form as the commission may prescribe by rule. The commission may require each applicant to provide any information reasonably necessary to determine the applicant’s eligibility for licensure. The applicant shall also provide information that the office requires concerning any officer, director, control person, member, partner, or joint venturer of the applicant or any person having the same or substantially similar status or performing substantially similar functions or any individual who is the ultimate equitable owner of a 10-percent or greater interest in the applicant. The office may require information concerning any such applicant or person, including, but not limited to, his or her full name and any other names by which he or she may have been known, age, social security number, residential history, qualifications, educational and business history, and disciplinary and criminal history. If the office determines that an application should be granted, it shall issue the license for a period not to exceed 2 years. A nonrefundable application fee of $175 shall accompany an initial application for the principal place of business and each application for a branch location of a retail installment seller who is required to be licensed under this chapter. An application is considered received for purposes of s. 120.60 upon receipt of a completed application form as prescribed by commission rule, a nonrefundable application fee of $175, and any other fee prescribed by law.

(3) The nonrefundable renewal fee for a motor vehicle retail installment seller license shall be $175. The commission shall establish by rule biennial licensure periods and procedures for renewal of licenses. A license that is not renewed by the end of the biennium established by the commission shall revert from active to inactive status. An inactive license may be reactivated within 6 months after becoming inactive upon filing a completed reactivation form, payment of the nonrefundable renewal fee, and payment of a reactivation fee equal to the nonrefundable renewal fee. A license that is not reactivated within 6 months after becoming inactive automatically expires.

(4) A licensee may not transact business as a motor vehicle retail installment seller except under the name by which it is licensed. Licenses issued under this part are not transferable or assignable.

(5) The office may deny an initial application for a license under this part if the applicant or any officer, director, control person, member, partner, or joint venturer of the applicant is the subject of a pending criminal prosecution or governmental enforcement action, in any jurisdiction, until conclusion of such criminal prosecution or enforcement action.

(6) Each seller shall designate and maintain an agent in this state for service of process.

History.—s. 2, ch. 57-799; s. 2, ch. 59-456; ss. 12, 35, ch. 69-106; s. 138, ch. 71-355; s. 1, ch. 73-276; s. 3, ch. 73-326; s. 3, ch. 76-168; s. 1, ch. 77-457; s. 150, ch. 79-164; ss. 2, 21, ch. 80-256; s. 2, ch. 81-318; ss. 1, 9, ch. 82-70; s. 1, ch. 87-91; ss. 3, 35, 36, ch. 90-103; s. 4, ch. 91-429; s. 7, ch. 99-164; s. 620, ch. 2003-261; s. 41, ch. 2006-213.

F.S. 520.03 on Google Scholar

F.S. 520.03 on Casetext

Amendments to 520.03

Arrestable Offenses / Crimes under Fla. Stat. 520.03

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 520.03.

Annotations, Discussions, Cases:

Cases Citing Statute 520.03

Total Results: 12

PAUL ERNEST VARCHETTI v. JULIE ANNE VARCHETTI

Court: Fla. Dist. Ct. App. | Date Filed: 2020-08-26T00:53:00-07:00

Snippet: that Michigan is a more convenient forum. § 61.520(3), Fla. Stat. (2019) (“If a court of this state determines

ADRIANNE NOLDEN v. SUMMIT FINANCIAL CORP.

Court: Fla. Dist. Ct. App. | Date Filed: 2018-04-25T00:53:00-07:00

Snippet: interest rate of 27.810% was permissible under Chapter 520. 3 a retail installment contract in connection

Nolden v. Summit Fin. Corp.

Court: Fla. Dist. Ct. App. | Date Filed: 2018-04-25T00:00:00-07:00

Citation: 244 So. 3d 322

Snippet: interest rate of 27.810% was permissible under Chapter 520.3 Under the usury statute, interest exceeding 18%

Dept. of Children and Families v. M.N. and O.C.S.

Court: Fla. Dist. Ct. App. | Date Filed: 2016-08-31T00:00:00-07:00

Citation: 199 So. 3d 452, 2016 Fla. App. LEXIS 13175, 2016 WL 4536489

Snippet: Rico itself has not enacted the UCCJEA. Section 61.520(3) specifically contemplates that the transferring

State v. Beach Blvd Automotive, Inc.

Court: Fla. Dist. Ct. App. | Date Filed: 2014-05-19T00:00:00-07:00

Citation: 139 So. 3d 380, 2014 WL 2040853, 2014 Fla. App. LEXIS 7574

Snippet: without a license, an alleged violation of section 520.03(1), Florida Statutes. In Count 9, Appellant alleged…7 is appropriate. Count 8 (Licensure) Section 520.03(1), Florida Statutes (2011), prohibits a person

In Re AMENDMENTS TO FLORIDA RULES OF JUVENILE PROCEDURE

Court: Fla. | Date Filed: 2014-03-20T00:00:00-07:00

Citation: 136 So. 3d 508, 39 Fla. L. Weekly Supp. 147, 2014 Fla. LEXIS 984, 2014 WL 1281915

Snippet: requested. . accepted by the court. *520 3. Other:. 4. All prior orders not inconsistent

Stepansky v. State

Court: Fla. Dist. Ct. App. | Date Filed: 1998-03-03T23:53:00-08:00

Citation: 707 So. 2d 877

Snippet: 1, 29 April 1958, 13 U.S.T. 2312, T.I.A.S. No. 520. [3] Based on extant federal case law, Stepansky apparently

Laney v. Laney

Court: Fla. Dist. Ct. App. | Date Filed: 1986-04-03T23:53:00-08:00

Citation: 487 So. 2d 1109

Snippet: jurisdiction over him). Moreover, 50 U.S.C.A.App. § 520(3) states in part: "[N]o attorney appointed under

Mall Bank v. STATE EX REL. DEPT.

Court: Fla. Dist. Ct. App. | Date Filed: 1985-01-02T23:53:00-08:00

Citation: 462 So. 2d 519

Snippet: Statutes, "Voidable transfers," provides: *520 (3) The department as receiver in any proceeding under

Tribune Co. v. Cannella

Court: Fla. Dist. Ct. App. | Date Filed: 1983-09-30T00:53:00-07:00

Citation: 438 So. 2d 516

Snippet: entity acting on behalf of any public agency. *520 (3)(a) "Criminal intelligence information"

In re Florida Traffic Court Rules

Court: Fla. | Date Filed: 1972-12-20T00:00:00-08:00

Citation: 271 So. 2d 97

Snippet: 3.430, 3.440, 3.450, 3.451, 3.470, 3.500, 3.510, 3.520, 3.530, 3.540, 3.560, 3.570, 3.580, 3.590, 3.600,

B & D, Inc. of Miami v. E-Z Acceptance Corp.

Court: Fla. Dist. Ct. App. | Date Filed: 1966-04-26T00:00:00-07:00

Citation: 186 So. 2d 29, 1966 Fla. App. LEXIS 5309

Snippet: retail installment seller within the meaning of § 520.03, Fla.Stat., F.S.A. of the Motor Vehicle Finance… this state. The defendant was licensed under § 520.03 as a sales finance company from the beginning of…The plaintiff is a licensed retail seller under § 520.03, supra, and therefore, contracts purchased from