§ 22-37. Definitions.

(a)

Title loan agreement means a written agreement whereby a secondhand dealer agrees to make a loan of a specific sum of money to the owner of a motor vehicle, and the owner of the motor vehicle agrees to give the secondhand dealer a security interest in a motor vehicle certificate of title owned by the borrower and encumbered only by a title loan agreement.

(b)

Secondhand dealer has the same meaning as used in F.S. § 538.03(1)(a), as it may be amended from time to time.

(Ord. No. 1998-34, § 1, 2-1-99)