§ 25-221. Definitions.

The following words, terms and phrases, when used in this article shall have the following meanings:

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.

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

Title loan lender shall mean any person who is 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 F.S. ch. 538, as may be amended from time to time.

Motor vehicle shall mean 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, but the term does not include traction engines, road rollers, such vehicles as run only upon a track, bicycles, or mopeds.

(Ord. No. 99-12, § 2, 5-25-99)