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.
Senate Committee References:
- Banking and Insurance (BI)
- Commerce and Tourism (CM)
- Fiscal Policy (FP)
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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
5/6/2024 • Approved by Governor
5/7/2024 • Chapter No. 2024-142
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CS/CS/SB 902, Enrolled (Current Bill Version) Posted 3/5/2024 at 3:04 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 605 (c2) Asset Protection Products Insurance & Banking Subcommittee Similar Last Action: 3/4/2024 H Laid on Table 
Citations - Statutes (9)
Citation Catchline Location in Bill Location In Bill Help 520.02 Definitions. Page 3 (pdf) 520.07 Requirements and prohibitions as to retail installment contracts. Page 3 (pdf) 520.151 Page 5 (pdf) 520.152 Page 5 (pdf) 520.153 Page 6 (pdf) 520.154 Page 9 (pdf) 520.155 Page 11 (pdf) 520.156 Page 11 (pdf) 520.157 Page 12 (pdf) -
CS/CS/SB 902, Committee Substitute 2 Posted 1/31/2024 at 8:46 AM
Bill Text: Web Page | PDF Analyses: Fiscal Policy (Pre-Meeting) 2/13/2024 (pdf)
Fiscal Policy (Post-Meeting) 2/16/2024 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 605 (c2) Asset Protection Products Insurance & Banking Subcommittee Similar Last Action: 3/4/2024 H Laid on Table
Committee Votes (1)
Date Committee Result 2/15/2024 12:00 PM Fiscal Policy 17 Yeas - 0 Nays Floor Votes (2)
Date Chamber Result 2/28/2024 11:19 AM Senate 40 Yeas - 0 Nays 3/5/2024 12:28 PM House 113 Yeas - 0 Nays Citations - Statutes (9)
Citation Catchline Location in Bill Location In Bill Help 520.02 Definitions. Page 3 (pdf) 520.07 Requirements and prohibitions as to retail installment contracts. Page 3 (pdf) 520.151 Page 5 (pdf) 520.152 Page 5 (pdf) 520.153 Page 6 (pdf) 520.154 Page 9 (pdf) 520.155 Page 11 (pdf) 520.156 Page 11 (pdf) 520.157 Page 12 (pdf) -
CS/SB 902, Committee Substitute 1 Posted 1/18/2024 at 12:26 PM
Bill Text: Web Page | PDF Analyses: Commerce and Tourism (Pre-Meeting) 1/29/2024 (pdf)
Commerce and Tourism (Post-Meeting) 1/30/2024 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 605 (c1) Asset Protection Products Insurance & Banking Subcommittee Similar Last Action: 3/4/2024 H Laid on Table
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 945370 - Amendment
Delete lines 100 - 101 and insert:Commerce and Tourism
(Boyd)1/29/2024
10:43 AM
(Late Filed)Replaced by Committee Substitute
1/30/2024Web Page
PDFCommittee Votes (1)
Date Committee Result 1/30/2024 9:00 AM Commerce and Tourism 5 Yeas - 0 Nays Citations - Statutes (9)
Citation Catchline Location in Bill Location In Bill Help 520.02 Definitions. Page 3 (pdf) 520.07 Requirements and prohibitions as to retail installment contracts. Page 3 (pdf) 520.151 Page 5 (pdf) 520.152 Page 5 (pdf) 520.153 Page 6 (pdf) 520.154 Page 9 (pdf) 520.155 Page 11 (pdf) 520.156 Page 11 (pdf) 520.157 Page 11 (pdf) -
SB 902, Original Filed Version Posted 12/13/2023 at 9:58 AM
Bill Text: Web Page | PDF Analyses: Banking and Insurance (Pre-Meeting) 1/12/2024 (pdf)
Banking and Insurance (Post-Meeting) 1/18/2024 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 605 Asset Protection Products Insurance & Banking Subcommittee Similar Last Action: 3/4/2024 H Laid on Table
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 871000 - Amendment
Delete lines 80 - 401 and insert:Banking and Insurance
(Boyd)1/12/2024
9:51 AMReplaced by Committee Substitute
1/18/2024Web Page
PDFCommittee Votes (1)
Date Committee Result 1/16/2024 11:00 AM Banking and Insurance 10 Yeas - 0 Nays Citations - Statutes (10)
Citation Catchline Location in Bill Location In Bill Help 520.02 Definitions. Page 3 (pdf) 520.07 Requirements and prohibitions as to retail installment contracts. Page 3 (pdf) 520.151 Page 5 (pdf) 520.152 Page 5 (pdf) 520.153 Page 7 (pdf) 520.154 Page 9 (pdf) 520.155 Page 11 (pdf) 520.156 Page 11 (pdf) 521.003 Definitions. Page 12 (pdf) 521.007 Page 14 (pdf)