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The Florida Senate

CS/CS/SB 902: Motor Vehicle Retail Financial Agreements

GENERAL BILL by Commerce and Tourism ; Banking and Insurance ; Boyd

Motor Vehicle Retail Financial Agreements; Revising the definition of the term “guaranteed asset protection product”; requiring entities to refund the portions of the purchase price of the contract for a guaranteed asset protection product under certain circumstances; creating the "Florida Vehicle Value Protection Agreements Act"; authorizing the offer, sale, or gift of vehicle value protection agreements in compliance with a certain act, etc.

Effective Date: 10/1/2024
Last Action: 4/22/2024 - Signed by Officers and presented to Governor
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Commerce and Tourism (CM)
  3. Fiscal Policy (FP)



Bill History

Date Chamber Action
12/13/2023 Senate • Filed
1/4/2024 Senate • Referred to Banking and Insurance; Commerce and Tourism; Fiscal Policy
1/9/2024 Senate • Introduced
1/11/2024 Senate • On Committee agenda-- Banking and Insurance, 01/16/24, 11:00 am, 412 Knott Building
1/16/2024 Senate • CS by Banking and Insurance; YEAS 10 NAYS 0
1/18/2024 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
• Now in Commerce and Tourism
• CS by Banking and Insurance read 1st time
1/25/2024 Senate • On Committee agenda-- Commerce and Tourism, 01/30/24, 9:00 am, 110 Senate Building
1/30/2024 Senate • CS/CS by Commerce and Tourism; YEAS 5 NAYS 0
1/31/2024 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
2/1/2024 Senate • Now in Fiscal Policy
• CS/CS by Commerce and Tourism read 1st time
2/12/2024 Senate • On Committee agenda-- Fiscal Policy, 02/15/24, 12:00 pm, 412 Knott Building
2/15/2024 Senate • Favorable by- Fiscal Policy; YEAS 17 NAYS 0
2/16/2024 Senate • Placed on Calendar, on 2nd reading
2/26/2024 Senate • Placed on Special Order Calendar, 02/28/24
2/28/2024 Senate • Read 2nd time -SJ 496
• Read 3rd time -SJ 497
• CS passed; YEAS 40 NAYS 0 -SJ 497
2/28/2024 House • In Messages
3/1/2024 House • Bill referred to House Calendar
• Bill added to Special Order Calendar (3/4/2024)
• 1st Reading (Committee Substitute 2)
3/4/2024 House • Read 2nd time
• Placed on 3rd reading
• Added to Third Reading Calendar
3/5/2024 House • Read 3rd time
• CS passed; YEAS 113, NAYS 0
3/5/2024 Senate • Ordered enrolled
4/22/2024 • Signed by Officers and presented to Governor