QUICK CASH v. STATE, DEPT. OF AGRICULTURE

Nos. 91-03704, 92-00316.

605 So.2d 898 (1992)

QUICK CASH OF CLEARWATER, INC., a Florida corporation, Appellant, v. STATE of Florida, DEPARTMENT OF AGRICULTURE AND CONSUMER SERVICES, DIVISION OF CONSUMER SERVICES, Appellee. STATE of Florida, DEPARTMENT OF AGRICULTURE AND CONSUMER SERVICES, DIVISION OF CONSUMER SERVICES, Appellant, v. QUICK CASH OF TAMPA # 1, INC., a Florida corporation; Quick Cash of Tampa # 2, Inc., a Florida corporation; and Quick Cash of Tampa # 3, Inc., a Florida corporation, Appellees.

District Court of Appeal of Florida, Second District.

August 28, 1992.


Attorney(s) appearing for the Case

Robert G. Worley, Tallahassee, for State of Fla., Dept. of Agriculture and Consumer Services, Div. of Consumer Services.

H. Eugene Johnson, Tampa, for appellees Quick Cash of Clearwater, Inc., Quick Cash of Tampa # 1, Inc., Quick Cash of Tampa # 2 and Quick Cash of Tampa # 3.


ALTENBERND Judge.

These two cases involve efforts by the Division of Consumer Services (the Division) to enjoin several "Quick Cash" pawnshops that are lending money to customers through a highly unusual automobile loan/lease agreement. The Division argues that these transactions are illegal or unlawful for a multitude of reasons. It concludes that the agreements involve effective interest rates in excess of 500%. Quick Cash1 maintains...

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