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...
- 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...
- 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...
