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FL S0832

Bill

Status

Introduced

2/4/2014

Primary Sponsor

Judiciary

Click for details

Origin

Senate

2014 Regular Session

AI Summary

  • Revises definitions in Florida's motor vehicle sales law, including new definitions for "affiliated finance company," "automotive-related product," "third-party provider," and "vehicle contract."

  • Prohibits affiliated finance companies from refusing to purchase or accept assignment of vehicle contracts, or charging additional fees, solely because the contract contains a third-party provider's automotive-related product that is similar in nature, scope, and quality to the affiliated company's own product.

  • Establishes factors for determining product similarity, including the third-party provider's financial capacity and compliance history with state and federal regulations.

  • Specifies that violations do not constitute criminal offenses under section 545.12.

  • Deletes the definition of "motor vehicle broker" from section 320.27 and makes technical conforming amendments; effective July 1, 2014.

Legislative Description

Motor Vehicle Sales

Last Action

Laid on Table, companion bill(s) passed, see CS/CS/HB 783 (Ch. 2014-130)

4/24/2014

Committee Referrals

Judiciary3/10/2014
Banking and Insurance2/6/2014

Full Bill Text

No bill text available