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Florida passed new legislation regarding repossession that go into effect July 1, 2010.  The information below is an excerpt of the House Bill 971, in addition there are documents available – one with the full bill and a memo from Director Ford concerning the bill.

HB 971 passed during the 2010 session and is effective July 1, 2010.  It amends the Florida Statutes by providing that any lienholder who has repossessed a motor vehicle in Florida in compliance with the provisions of section 319.28, Florida Statutes must apply to a Tax Collector’s office in Florida or to the department for a certificate of repossession or for a certificate of title pursuant to section 319.323, Florida Statutes.  Any person found guilty of violating any requirements of the law shall be guilty of a felony of the third degree, punishable as provided in section 775.082, section 775.083 or section 775.084, Florida Statutes.  The department requests your assistance by notifying the lienholders under contract with you of this law change and its ramifications.  Please the attached Memo from Director Ford and HB 971.

Pursuant to section four of the Electronic Lien and Title Program Memorandum of Understanding between Third Party Providers, Business Partners and the Department, these agreements are subject to any restrictions, limitations or conditions enacted by the Florida Legislature.   If you have any questions, please contact the Bureau of Titles and Registrations at 850-617-3001.