§ 545.045, Fla. Stat. · Chapter 545. COMBINATIONS RESTRICTING FINANCING OF MOTOR VEHICLES
Purchase or assignment of third-party financing.
Text — 2026 Florida Statutes
(1) When a vehicle contract contains a third-party provider’s automotive-related product that is of similar nature, scope, and quality to an automotive-related product offered for sale by an affiliated finance company or its related manufacturer or wholesale distributor, that affiliated finance company may not, solely because the vehicle contract contains a third party’s automotive-related product:
(a) Refuse to purchase or accept the assignment of the vehicle contract from a dealer; or
(b) Charge a dealer an additional fee or surcharge for the purchase of, or acceptance of the assignment of, the vehicle contract.
(2) Factors in determining whether an automotive-related product is similar in nature, scope, and quality include, but are not limited to, the financial capacity of the third-party provider to meet all of its obligations, inclusive of any contractual liability insurance policies, and the third-party provider’s history of compliance with any applicable state and federal regulations.
(3) A violation of this section does not constitute a criminal offense pursuant to s. 545.12.
Notes and commentary — not statutory text
History
s. 2, ch. 2014-130.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0500-0599/0545/0545.html
- Text hash
- sha256 98b98d4eb56a711304289e98dcee287f2971b2f3dbc3aae3c34ef69db1d6a5d8
- Composed by
- compose_v2.py 2026-10-04: the Legislature's structured HTML read in document order; verify_v2.py's independent reading agrees character for character
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The Florida Statutes
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