493.6401 Classes of licenses.

493.6401 Classes of licenses.

   (1) Any person, firm, company, partnership, or corporation which engages in business as a recovery agency shall have a Class “R” license. A Class “R” license is valid for only one location.

   (2) Each branch office of a Class “R” agency shall have a Class “RR” license.

   (3) Any individual who performs the services of a manager for a Class “R” recovery agency or a Class “RR” branch office must have a Class “MR” license. A Class “E” licensee may be designated as the manager, in which case the Class “MR” license is not required.

   (4) Any individual who performs the services of a recovery agent must have a Class “E” license.

   (5) Any individual who performs repossession as an intern under the direction and control of a designated, sponsoring Class “E” licensee or a designated, sponsoring Class “MR” licensee shall have a Class “EE” license.

   (6) Class “E” or Class “EE” licensees shall own or be an employee of a Class “R” agency or branch office.

   (7) Any person who operates a repossessor school or training facility or who conducts an Internet-based training course or a correspondence training course must have a Class “RS” license.

   (8) Any individual who teaches or instructs at a Class “RS” repossessor school or training facility shall have a Class “RI” license.

History. ss. 5, 11, ch. 90-364; s. 14, ch. 91-248; s. 4, ch. 91-429; s. 7, ch. 93-49; s. 2, ch. 2007-232.