Florida Statutes Title XXXIII Chapter 521 - Motor Vehicle Lease Disclosure

• 521.001 - Short Title.
  Sections 521.001-521.006 may be cited as the “Motor Vehicle Lease Disclosure Act.”History.—s. 1, ch. 95-350.
• 521.002 - Applicability.
  Sections 521.001-521.006 do not supersede applicable federal law, including the federal Truth in Lending Act, 15 U.S.C. ss. 1601 et seq.; the rules adopted under...
• 521.003 - Definitions.
  As used in ss. 521.001-521.006, the term:(1) “Adjusted or net capitalized cost” means the capitalized cost, less any capitalized cost-reduction payments made by the retail lessee...
• 521.004 - Disclosures.
  A retail lessor must:(1) Disclose to the retail lessee in the lease agreement in a separate blocked section, in capital letters of at least 12-point bold...
• 521.005 - Trade-in Vehicle.
  A trade-in vehicle used to reduce the capitalized cost must be identified as a trade-in vehicle in the lease agreement and identified by year, make,...
• 521.006 - Civil Remedies.
  (1) A retail lessor who fails to comply with the requirements of this act shall be liable to the retail lessee for actual damages sustained, a...

Last modified: September 23, 2016