§ 13-164. Definitions.

The following words, terms and phrases, when used in this article shall have the meaning ascribed to them in this section, except where the context clearly indicated a different meaning:

(1)

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.

(2)

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

(3)

Title loan lender means any person, corporation, or business entity engaged in the business of making title loans or engaging in title loan agreements with borrowers, and includes, but is not limited to, second-hand dealers as defined in Chapter 538, Florida Statutes, as may be amended from time to time.

(4)

Motor vehicle means an automobile, motorcycle, truck, trailer, semitrailer, truck tractor and semitrailer combination, or any other vehicle operated on the roads of this state, used to transport persons or property, and propelled by power other than muscular power; however, the term does not include traction engines, road rollers, such vehicles as run only upon a track, bicycles, or mopeds.

(Ord. No. 99-28, § 1, 8-16-99)