Loading chat...
FL S0832
Bill
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