Daytona Beach, FL Business Licensing & Operations: Pawnbrokers (2026)
Key Facts
- Maximum title loan fee
- 22% per month
- Repossession requirement
- state-licensed repossession agent only
- Same-location rule
- pawn and title loan business kept separate
- Word restriction
- no 'pawn'/'pawnbroker' branding if offering title loans
- Vehicle disposal after default
- through licensed motor vehicle dealer
Summary
Daytona Beach regulates pawnbrokers as a category of secondhand dealer and caps title loan fees at 22 percent per month. City Code § 26-211(e) sets conditions for vehicle title loan transactions, and § 26-212 bars a dealer from running pawn and title loan business from the same location or using the word pawn if it offers title loans.
(e)Subject to the restrictions in F.S. § 538.15, a secondhand dealer may engage in a title loan transaction, and the physical possession requirements of subsection (b) of this section shall not apply if the following conditions are met:(1)The secondhand dealer maintains physical possession of the motor vehicle title.(2)The owner maintains possession of or control over the motor vehicle throughout the transaction.(3)The owner is not required to pay rent or any other charge for the use of the motor vehicle...(5)A secondhand dealer who accepts a motor vehicle title in a title loan transaction may charge a maximum fee of 22 percent per month.(6)No charges other than those charges permitted in subsection (e)(5) of this section shall be allowed, and such charges shall be fully disclosed, conspicuously in writing, and initialed by the motor vehicle owner at the initiation of the transaction.
Official source re-checked September 7, 2026: no newer edition of the code had been published (publisher’s edition: Code of Ordinances: Supplement 78 | Land Development Code: Supplement 36).
Full Breakdown
Chapter 26, Article III defines a pawnbroker as any person regularly engaged in making pawns, whether a buy-sell agreement or a loan of money secured by property, and folds pawnbrokers into the general secondhand-dealer licensing, recordkeeping and 15-day holding-period scheme in Sections 26-208 through 26-211. 27. Subsection (e)(5) caps the fee a dealer may charge on a title loan at 22 percent per month, and subsection (e)(6) requires any other charges to be fully disclosed in writing and initialed by the vehicle owner when the loan begins.
Section 26-212 layers on pawn-specific restrictions: a dealer cannot engage in both pawn transactions and title loan transactions from the same secondhand dealer location, and cannot use the word 'pawn' or 'pawnbroker' in any advertising, signage or documentation if the dealer engages in title loan transactions, preventing a single storefront from blurring the two regulated products.
Violations & Fines
Charging more than the 22 percent monthly fee cap or failing to disclose all charges in writing under Sec. 26-211(e) violates Article III and is punishable under the general Code of Ordinances penalty, Sec. 1-14. Operating both pawn and title loan business from one location, or using restricted 'pawn' terminology while offering title loans, violates Sec. 26-212 and can result in citation and license consequences from the city.
Frequently Asked Questions
What is the maximum interest a pawnbroker can charge on a car title loan in Daytona Beach?
Can one shop offer both pawn loans and title loans?
Does a title loan customer keep their car?
What happens if I default on a title loan?
Sources & Official References
Other rules in Daytona Beach
Florida rules heatmap·Compare Daytona Beach to another location·View the Florida business licensing & operations overview
See something wrong?
Help us keep this page accurate. If you notice an error or outdated information, let us know.
Pawnbrokers in Nearby Cities
How other cities in Volusia County handle pawnbrokers.