Florida Regulations 69V-45.010: Demonstrated Unworthiness Defined
Current as of: 2024 | Check for updates
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As used in Florida Statutes § 537.006, the phrase “”[h]aving demonstrated unworthiness . . . to transact the business of a title loan lender”” shall include the following:
(1) Failing to demonstrate financial responsibility by having a credit history that reflects any of the following: unpaid liens, judgments, repossessions, foreclosures or an otherwise general history of non-payment of legal debts.
(2) Failing to demonstrate character or general fitness by having been convicted, found guilty, or pled nolo contendere, regardless of adjudication, of any crime involving fraud, dishonest dealing or any other act of moral turpitude. Moral turpitude involves duties owed by persons to society as well as acts contrary to justice, honesty, principle or good morals. This includes, but is not limited to, theft, extortion, use of the mail to obtain property under false pretenses, tax evasion, and the sale of (or intent to sell) controlled substances.
Rulemaking Authority 537.006, 537.016 FS. Law Implemented Florida Statutes § 537.006. History-New 11-7-00, Formerly 3D-45.010.
Terms Used In Florida Regulations 69V-45.010
- Fraud: Intentional deception resulting in injury to another.
- Nolo contendere: No contest-has the same effect as a plea of guilty, as far as the criminal sentence is concerned, but may not be considered as an admission of guilt for any other purpose.
(2) Failing to demonstrate character or general fitness by having been convicted, found guilty, or pled nolo contendere, regardless of adjudication, of any crime involving fraud, dishonest dealing or any other act of moral turpitude. Moral turpitude involves duties owed by persons to society as well as acts contrary to justice, honesty, principle or good morals. This includes, but is not limited to, theft, extortion, use of the mail to obtain property under false pretenses, tax evasion, and the sale of (or intent to sell) controlled substances.
Rulemaking Authority 537.006, 537.016 FS. Law Implemented Florida Statutes § 537.006. History-New 11-7-00, Formerly 3D-45.010.