TMX Finance of Florida, Inc. d/b/a InstaLoan.; On 3/15/2019, the Florida Office of Financial Regulation (Consumer Finance) received a Petition for Declaratory Statement from TMX Finance of Florida, Inc. d/b/a InstaLoan. The petition seeks a ...

 

DEPARTMENT OF FINANCIAL SERVICES

Finance

NOTICE IS HEREBY GIVEN that the Florida Office of Financial Regulation has received the petition for declaratory statement from TMX Finance of Florida, Inc. d/b/a InstaLoan. The petition seeks the agency's opinion as to the applicability of Chapter 516, Florida Statutes, as it applies to the petitioner.

On 3/15/2019, the Florida Office of Financial Regulation (Consumer Finance) received a Petition for Declaratory Statement from TMX Finance of Florida, Inc. d/b/a InstaLoan. The petition seeks a declaratory statement from the Office on whether it is permissible as a Chapter 516 licensee, "when a customer is obligated on a 30-day term, single payment and the customer chooses to refinance that loan, for the Company to not release the lien but, instead, to issue only a satisfaction of the contract to the customer".

A copy of the Petition for Declaratory Statement may be obtained by contacting: Agency Clerk, Office of Financial Regulation, P.O. Box 8050, Tallahassee, Florida 32314-8050, [phone], [e-mail].

Please refer all comments to: Agency Clerk, Office of Financial Regulation, P.O. Box 8050, Tallahassee, Florida 32314-8050, [phone], [e-mail].