§ 8A-124.12. Definitions.  


Latest version.
  • As used in this division:

    (a)

    Commission shall mean the Board of County Commissioners of Miami-Dade County, Florida.

    (b)

    Department means the Miami-Dade County Consumer Services Department.

    (c)

    Motor vehicle means an automobile, motorcycle, truck, trailer, semitrailer, truck tractor and semitrailer combination, or any other vehicle operated on public highways and streets, used to transport persons or property, and propelled by power other than muscular power, but excluding vehicles which run only upon a track.

    (d)

    Person includes, but is not limited to, any individual, corporation, company, association, firm, partnership, society, or joint stock company.

    (e)

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

    (f)

    Title loan agreement means a written agreement whereby the 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.

    (g)

    Title loan lender means any person who is engaged in the business of making title loans or engaging in title loan agreements with borrowers, which includes, but is not limited to, secondhand dealers, as defined in Chapter 538, Florida Statutes, as may be amended.

    (h)

    Ultimate equitable owner means a natural person who, directly or indirectly, owns or controls an ownership interest in a corporation, a foreign corporation, an alien business organization, or any other form of business organization, regardless of whether such natural person owns or controls such ownership interest through one (1) or more natural persons or one (1) or more proxies, powers of attorney, nominees, corporations, associations, partnerships, trusts, joint stock companies, or other entities or devices, or any combination thereof.

(Ord. No. 99-62, § 1, 6-8-99)