Florida Statutes Part I - Motor Vehicle Sales Finance (Ss. 520.01-520.14)

• 520.01 - Motor Vehicle Retail Sales Finance Act.
  Sections 520.01-520.10, 520.12, 520.125, and 520.13 may be cited as “The Motor Vehicle Retail Sales Finance Act.”History.—s. 14, ch. 57-799; s. 3, ch. 76-168; s....
• 520.02 - Definitions.
  In this act, unless the context or subject matter otherwise requires:(1) “Branch” means any location, other than a licensee’s principal place of business, at which a...
• 520.03 - Licenses.
  (1) A person may not engage in the business of a motor vehicle retail installment seller or operate a branch of such business without a license...
• 520.07 - Requirements And Prohibitions As To Retail Installment Contracts.
  (1)(a) A retail installment contract shall be in writing, shall be signed by both the buyer and the seller, and shall be completed as to all...
• 520.08 - Finance Charge Limitation.
  (1) Notwithstanding the provisions of any other law, the finance charge, exclusive of insurance, shall not exceed the following rates:(a) Class 1. Any new motor vehicle designated...
• 520.085 - Simple-interest Contracts.
  (1) A retail installment contract under The Motor Vehicle Retail Sales Finance Act may provide that the rate of finance charge be calculated on a simple-interest...
• 520.09 - Credit Upon Anticipation Of Payments.
  Notwithstanding the provisions of any retail installment contract to the contrary, any buyer may pay in full at any time before maturity the debt of...
• 520.10 - Refinancing Retail Installment Contract.
  The holder of a contract, upon request by the buyer, may extend the scheduled due date of all or any part of any installment or...
• 520.12 - Penalties.
  (1) Any person who willfully and intentionally violates any provision of s. 520.995 or engages in the business of a retail installment seller without obtaining a...
• 520.125 - Variable Rate Contracts; Mobile Homes.
  A retail installment contract for the purchase of a mobile home may provide that the rate of finance charge may be adjusted at stated regular...
• 520.13 - Waiver.
  Any waiver of the provisions of ss. 520.01-520.10, s. 520.12, s. 520.13, s. 520.993, s. 520.994, or s. 520.995 shall be unenforceable and void.History.—s. 12,...
• 520.14 - Termination Of Retail Installment Contract For Leasing A Motor Vehicle By A Servicemember.
  (1) Any servicemember, as defined in s. 250.01, may terminate his or her retail installment contract for leasing a motor vehicle by providing the sales finance...

Last modified: September 23, 2016