Fla. Admin. Code Ann. R. 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, one of the following:

(a) A copy of their current financial statement prepared by a Florida certified public accountant; or

(b) The Pawnbroking Net Worth Affidavit included in FDACS-10111, Pawnbroking Registration Application, Rev. 04/19, incorporated by reference in rule 5J-13.002, F.A.C., or an affidavit provided by the applicant, stating the applicant's net worth is at least $50, 000. Each affidavit must be accompanied by relevant supporting documentation to substantiate the figures therein, including: recent bank statements, the applicant's most recent federal tax return, property tax documents, or any other documentation relied upon by reasonable persons in valuing the types of assets and liabilities set forth in the affidavit; or

(c) If the applicant is a corporation, a copy of their most recently filed federal tax return.

(2) If filing a bond, letter of credit, or assignment of certificate of deposit pursuant to section 539.001(4), F.S., the applicant shall use the application forms included in FDACS-10111, Pawnbroking Registration Application, Rev. 04/19, incorporated by reference in rule 5J-13.002, F.A.C.

(3) Claims against a bond, letter of credit, or certificate of deposit shall be submitted on FDACS-10986, Pawnshop Claim Affidavit, Rev. 05/22, hereby incorporated by reference. Copies of this form may be obtained from the Department of Agriculture and Consumer Services, Division of Consumer, 2005 Apalachee Parkway, Attention: Pawnshops, Tallahassee, Florida 32399-6500, or accessed online at: http://www.flrules.org/Gateway/reference.asp?No=Ref-14399.

Notes

Fla. Admin. Code Ann. R. 5J-13.003

Rulemaking Authority 539.001(21), 570.07(23) FS. Law Implemented 539.001(4)(a)2. FS.

New 12-10-96, Amended 3-8-12, Amended by Florida Register Volume 41, Number 057, March 24, 2015 effective 4/5/2015, Amended by Florida Register Volume 43, Number 050, March 14, 2017 effective 3/30/2017, Amended by Florida Register Volume 45, Number 123, June 25, 2019 effective 7/11/2019, Amended by Florida Register Volume 48, Number 125, June 28, 2022 effective 7/11/2022.

New 12-10-96, Amended 3-8-12, 4-5-15, 3-30-17, 7-11-19, 7-11-22.