Final Order concerning TT of Duval, Inc. d/b/a Jacksonville Chrysler Jeep Dodge Ram Arlington

Index: OFR 2026 - 355
STATE OF FLORIDA
OFFICE OF FINANCIAL REGULATION
In Re:
TT OF DUVAL, INC., Case Number: 127083
D/B/A JACKSONVILLE CHRYSLER
JEEP DODGE RAM ARLINGTON,
Respondent.
FINAL ORDER
This cause came on for consideration and final agency action. Upon review of the record and being otherwise fully advised in the premises, the Office of Financial Regulation ("Office") hereby finds:

1. The Office has jurisdiction over the subject matter of this case and the parties
   hereto.
2. The entry of this Final Order concludes the above-referenced matter.
   ORDERED:
   A. The Stipulation and Consent Agreement (Exhibit A) is hereby approved and incorporated by reference as if fully stated herein and is adopted as the Office's Findings of Fact and Conclusions of Law. B. The parties shall comply with all terms of the Stipulation and Consent Agreement. DONE and ORDERED this ~ day of July, 2026, in Tallahassee, Leon County, Florida. Commissioner

CERTIFICATE OF SERVICE
I HEREBY CERTIFY that a true and correct copy of the foregoing Final Order has been furnished to TT of Duval, Inc., d/b/a Jacksonville Chrysler Jeep Dodge Ram Arlington by electronic mail at Robert.sickles@dinsmore.com on this ~ ay of July, 2026. 2

STATE OF FLORIDA
OFFICE OF FINANCIAL REGULATION
Io Re:
TT OF DUY AL, INC., d/b/a
JACKSONVILLE CHRYSLER JEEP DODGE
RAM ARLJNGTON,
Respondent.
Exhibit A
Case Number: 127083
S IPULA TION ND CONSENT AGREEMENT
The State of Florida, Office of Financial Regulation ("Office"), and TT OF DUVAL, INC., d/b/a JACKSONVILLE CHRYSLER JEEP DODGE RAM ARLINGTON ("Respondent"), in consideration of the mutual promises herein, recite, stipulate, and agree as follows:
L !}ackground. At all times material hereto, TT of Duval, Inc., d/b/a Jacksonville Chrysler Jeep Dodge Ram Arlington, is and has been a motor vehicle retail installment seller in the State of Florida, having been issued license number MV9907198. By Corporate Resolution, Kenneth Kovacs is the Authorized Representative and signatory to this Stipulation and Consent Agreement. The Office conducted an examination (No. 124437) of Respondent's business records and operations to ascertain compliance with chapter 520, Florida Statutes, for the period of June 1, 2022 through July 31, 2024. In lieu of initiating a formal proceeding, the parties are herein resolving the matters at issue.
2. Jurisdiction. The Office is the state agency charged with the administration and
enforcement of chapter 520, Florida Statutes, and the rules promulgated thereunder. The Office

has jurisdiction to bring this administrative action against Respondent pursuant to chapter 520, Florida Statutes. 3, Findin . For purposes of this Stipulation and Consent Agreement, Respondent consents to the Office making the folJowing findings:
4. a) Respondent failed to timely report by application amendment within the required 30 days of the change of both the removal of a secretary and the addition of a new secretary, in violation of section 520.999(1), Florida Statutes. Terms and Conditions. The parties agree that the issues raised can be expeditiously resolved without further litigation by the execution of this Stipulation and Consent Agreement. The parties acknowledge that they have read this Stipulation a11d Consent Agreement and fully understand the rights, obligations, tenns, duties, and responsibilities with respect to its contents. Therefore, in compromise and settlement of the foregoing findings and in consideration of the Office's forbearance from further Jitigation, Respondent agrees to the following terms and conditions:
a. FUTURE COMPLIANCE. Respondent agrees that it shall cease and desist from future violations of chapter 520, Florida Statutes, and the rules promulgated thereunder, and comply with all the provisions of chapter 520, Florida Statutes, and the rules promulgated pursuant thereto. b. ADMINISTRATIVE FINE. Respondent agrees to pay the Office an administrative fine in the amount of One Thousand Five Hundred Dollars ($1,500.00), to be paid at the time of the execution and delivery of this Stipulation and Consent Agreement. 2

This administrative fine shall be submitted in the form of a wire, cashier's check or money order made payable to "Office of Financial Regulation". Such payment shall reference Case Number l 27083 and shall be sent to the attention of Agency Clerk - c/o Allison Carmine McDonald, Post Office Box 8050, Tallahassee, Florida 32314-8050. Respondent acknowledges and agrees that in accordance with section 215.31, Florida Statutes, regarding the deposit of monies, (i) the tendered fine or settlement check may be deposited in advance of full execution or acceptance of the Stipulation and Consent Agreement; and (ii) such deposit shall not be construed as a final acceptance of the Stipulation and Consent Agreement absent full execution thereof and entry of a Final Order adopting same.
5. Final Order. Respondent consents to the entry of a Final Order, which incorporates
the tenns of this Stipulation and Consent Agreement. Respondent understands and agrees that this Stipulation and Consent Agreement is subject to the final approval of the Office of Financial Regulation and the entry of the Final Order adopting such Agreement. In the event that the Final Order is not entered, this Stipulation and Consent Agreement shall be null and void. The Final Order incorporating this Stipulation and Consent Agreement constitutes final action by the Office for which the Office may seek enforcement pursuant to the provisions of chapters 520 and 120, Florida Statutes.
6. Waiver. By Respondent's consent to the entry of a Final Order with respect to this
proceeding, Respondent waives:
a) Any tight to separately stated Findings of Fact and Conclusions of Law; b) Any right to receipt of a Notice of Rights pursuant to chapter 120, Florida Statutes; 3

1. c) Any right to an administrative hearing or issuance of a Recommended Order pursuant to chapter 120, Florida Statutes; and d) Any right lo contest in any administrative forum or judicial proceeding (including, but not limited to, an appeal pursuant to section 120.68, Florida Statutes) the validity of any tcnn, condition, obligation, or duty expressly created in this Stipulation and Consent Agreement and the Final Order. Releases. Upon full execution of this Stipulation and Consent Agreement, Respondent waives, releases, and forever discharges the Office and its agents, representatives, and employees from any and all causes of action, in law or in equity, which Respondent may have arising out of this matter. The Office accepts this release and waiver by Respondent on behalf of itself, its agents, representatives, and employees without acknowledging, and expressly denying, that any such right or cause of action may exist.
8. Failure to Comnlv. Respondent acknowledges, concurs, and stipulates that
Respondent's failure to comply with any of the terms, obligations, and conditions of this Stipulation and Consent Agreement, and the Final Order adopting it, is a violation of the written agreement and the Final Order entered pursuant to chapters 120 and 520, Florida Statutes. Such non..compliance may result in the issuance of an emergency cease and desist order. However, nothing herein shall be construed to limit Respondent's right to contest any finding or determination of non-compliance.
9. Attorne,•'s Fees. Each party herein shall be solely responsible for its separate costs
and attorney's fees incurred in the prosecution, defense, or negotiations in this matter up to and including the entry of the Final Order adopting this Stipulation and Consent Agreement. 4

] 0. Severabilin·. The parties agree that ifany provision of this Stipulation and Consent Agrecme-nt or the application thereof to any person or circumstance is held invalid, the Stipulation and Consent Agreement will be given effect without the invalid provision, and to this end, the provisions of this Stipulation and Consent Agreement are declared severable. 1 1. Counterparts. This Stipulation and Consent Agreement may be executed in any number of counterparts, and by the parties in separate counterparts, each of which will be deemed to be an original but all of which together will constitute but one Stipulation and Consent Agreement. Copies of this Stipulation and Consent Agreement transmitted by facsimile or electronic ma11 shall have the same validity as if bearing an original signature.
12. Entire Agreement. This Stipulation and Consent Agreement represents the entire
agreement by and between Respondent and the Office. Any alterations, variations, changes, modifications, or waivers of the provisions hereof shall be va1id only when they have been reduced to writing, duly signed by the Office and Respondent hereto, attached to the original of this Stipulation and Consent Agreement, and subject to the approval of the Office. WHEREFORE, in consideration of the foregoing, the Office and Respondent executes this Stipulation and Consent Agreement for entry of a Final Order on the last date executed below. [this space intentionally left blank with signatures appearing on the following page] 5

TT OF DUVAL, INC.t d/b/a JACKSONVILLE CHRYSLER JEEP DODGE RAM ARLINGTO • Name: Kenneth Kovacs Title: Part Owner/Authorized Representative Smreof_ ~H~o~r=i~----- County or _____ D~w_._.\l...,Ai..;;...l - Kenneth Kovacs, as Part Owner/Authorized Representative of TT of Duval, Inc., d/b/a Jacksonville Chrysler Jeep Dodge Ram, BEFORE ME by means of )'{ physical presence or □ online notarization, has sworn (or affirmed) that he has read and understands the foregoing agreement and voluntarily signed the same. SWORN TO AND SUBSCRIBED before me this~ day of 1...Jlk.V\L . , 2026 . Check the appropriate box:
Personally known ~
OR Produced Identification 0
Type of identification produced
~~ Notary Public fflPIWIE MAIE SWSMEI . NotlryMlc • SUie sf FllfWI Clllffllillloft I Nit U!ff2 #tfC.-.E'.llplrftJuftl,:aolt llmOIC!tlnup,.. llllblyMII, D Driver's License □ □ Passport Other ------ (Do not include ID number) OFFICE OF FINANCIAL REGULATION jl~.~~rq~ 7/10/2026 Date: _ --·------- Division of Consumer Finance 6