Licensing Requirements, Security Requirements

DEPARTMENT OF AGRICULTURE AND CONSUMER SERVICES
Division of Consumer Services

RULE NO.: RULE TITLE:
5J-13.002: Licensing Requirements
5J-13.003: Security Requirements

NOTICE OF CHANGE

Notice is hereby given that the following changes have been made to the proposed rule in accordance with subparagraph 120.54(3)(d)1., F.S., published in Vol. 36 No. 47, November 24, 2010 issue of the Florida Administrative Weekly.

5J-13.002 Licensing Requirements.

(1) No change.

(2) A person applying for a license as a pawnbroker must submit with the license application a copy of the Pawnbroker Transaction Form. Applicants for licensure e shall use DACS Form 10111, Pawnbroking Registration Application, Rev. 07/11 8/10, hereby incorporated by reference. Copies of this form may be obtained from the Department of Agriculture and Consumer Services, Division of Consumer Services, 2005 Apalachee Parkway, Terry L. Rhodes Bldg., Attention: Pawnshops, Tallahassee, Florida 32399-6500, or accessed online at the following link: http://www.flrules.org/Gateway/reference http://www.doacs.state.fl.us/onestop/forms/10111.pdf.

Rulemaking Specific Authority 539.001(21), 570.07(23) FS. Law Implemented 539.001(5)(a), (c), (d), (8)(a) FS. History–New 12-10-96, Amended_________.

 

5J-13.003 Security Requirements.

(1) Any person claiming to have a net worth of $50,000 pursuant to Section 539.001(4)(a)2., F.S., shall file with the Department, at the time of applying for a license, a copy of their current financial statement prepared by a Florida licensed accountant. In lieu of the financial statement, a person may file a copy of their most recently filed federal income tax return.

(2) If filing a surety bond pursuant to Section 539.001(4)(a)2., F.S., the applicant shall use the Pawnbroking Surety Bond form included in DACS Form 10111, Pawnbroking Registration Application, Rev. 8/10.

(3) If filing an Irrevocable Letter of Credit pursuant to Section 539.001(4)(a)2., F.S., the applicant shall use the Pawnbroking Irrevocable Letter of Credit terms included in DACS Form-10111, Pawnbroking Registration Application, Rev. 8/10.

Rulemaking Specific Authority 539.001(21), 570.07(23) FS. Law Implemented 539.001(4)(a)2. FS. History–New 12-10-96, Amended __________.