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48 chapters · 1,668 sections in this title.
Fla. Stat. § 521.001 Short title
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Sections 521.001-521.006 may be cited as the “Motor Vehicle Lease Disclosure Act.”History.—s. 1, ch. 95-350.
Fla. Stat. § 521.002 Applicability
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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 the federal Truth in Lending Act; or any state law, including the Uniform Commercial Code.History.—s. 2, ch. 95-350.
Fla. Stat. § 521.003 Definitions
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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 at the inception of the lease agreement. The adjusted or net capitalized cost shall serve as the basi…
Fla. Stat. § 521.004 Disclosures
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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 type, with the appropriate amounts specified, as follows:THIS IS A LEASE AGREEMENT.THIS IS NOT A PURCHASE AGREEMENT.PLEASE REV…