2023 Florida Regulations 5J-13.003: Security Requirements
Current as of: 2023 | Check for updates
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(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 Fl. Admin. Code R. 5J-13.002, 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 Florida Statutes § 539.001(4), the applicant shall use the application forms included in FDACS-10111, Pawnbroking Registration Application, Rev. 04/19, incorporated by reference in Fl. Admin. Code R. 5J-13.002
(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.
Rulemaking Authority Florida Statutes § 539.001(21), 570.07(23) FS. Law Implemented 539.001(4)(a)2. FS. History-New 12-10-96, Amended 3-8-12, 4-5-15, 3-30-17, 7-11-19, 7-11-22.
(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 Fl. Admin. Code R. 5J-13.002, 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 Florida Statutes § 539.001(4), the applicant shall use the application forms included in FDACS-10111, Pawnbroking Registration Application, Rev. 04/19, incorporated by reference in Fl. Admin. Code R. 5J-13.002
(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.
Rulemaking Authority Florida Statutes § 539.001(21), 570.07(23) FS. Law Implemented 539.001(4)(a)2. FS. History-New 12-10-96, Amended 3-8-12, 4-5-15, 3-30-17, 7-11-19, 7-11-22.