Florida Statute 521.003 | Lawyer Caselaw & Research

The 2024 Florida Statutes

Title XXXIII
REGULATION OF TRADE, COMMERCE, INVESTMENTS, AND SOLICITATIONS

Chapter 521
MOTOR VEHICLE LEASE DISCLOSURE

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F.S. 521.003

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 lessee at the inception of the lease agreement. The adjusted or net capitalized cost shall serve as the basis for calculating the amount of the retail lessee’s periodic payment under the lease agreement.

(2) “Capitalized cost” means the agreed-upon total amount which, after deducting any capitalized cost reductions, serves as the basis for calculating the amount of the periodic payment under the lease agreement. The capitalized cost may include, without limitation:

(a) Taxes.

(b) Registration fees.

(d) Insurance charges.

(e) Charges for guaranteed auto protection or GAP coverage.

(f) Charges for service contracts and extended warranties.

(g) Fees and charges for accessories and for installing accessories.

(h) Charges for delivery, service, and repair.

(i) Administrative fees, acquisition fees, and any and all fees or charges for providing services incidental to the lease agreement.

(j) The unpaid balance of any amount financed under an outstanding motor vehicle loan agreement or motor vehicle retail installment contract with respect to a motor vehicle used as a trade-in.

(k) The unpaid portion of the early termination obligation under an outstanding lease agreement.

(l) The first periodic payment due at the inception of the lease agreement.

(3) “Capitalized cost reduction” means a payment made by cash, check, credit card debit, net vehicle trade-in, rebate, or other similar means in the nature of a down payment or credit, made by the retail lessee at the inception of the lease agreement, for the purpose of reducing the capitalized cost and shall not include any periodic payments received by the retail lessor at the inception of the lease agreement.

(4) “Lease agreement” means a written agreement entered into in this state for the transfer from a retail lessor to a retail lessee of the right to possess and use a motor vehicle in exchange for consideration for a scheduled term exceeding 4 months, whether or not the retail lessee has the option to purchase or otherwise become the owner of the motor vehicle upon expiration of the agreement. The term does not include an agreement which covers an absolute sale, a sale pending approval, or a retail installment sale, including a transaction or contract which is governed by the Motor Vehicle Retail Sales Finance Act of Florida.

(5) “Lease transaction” means a presentation made to the retail lessee concerning the motor vehicle, including a sales presentation or a document presented to the retail lessee, resulting in the execution of a lease agreement.

(6) “Motor vehicle” means a motor vehicle of the type and kind required to be registered and titled under chapters 319 and 320, excluding a recreational vehicle, moped, motorcycle powered by a motor with a displacement of 50 cubic centimeters or less, or a mobile home.

(7) “Retail lessee” means an individual who executes a lease agreement for a motor vehicle from a retail lessor primarily for personal, family, or household purposes.

(8) “Retail lessor” means a person who regularly engages in the business of selling or leasing motor vehicles and who offers or arranges a lease agreement for a motor vehicle. The term includes an agent or affiliate who acts on behalf of the retail lessor and excludes any assignee of the lease agreement.

History.—s. 3, ch. 95-350.

F.S. 521.003 on Google Scholar

F.S. 521.003 on Casetext

Amendments to 521.003

Arrestable Offenses / Crimes under Fla. Stat. 521.003

Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 521.003.

Annotations, Discussions, Cases:

Cases Citing Statute 521.003

Total Results: 20

N.A., THE MOTHER v. DEPT. OF CHILDREN & FAMILIES

Court: District Court of Appeal of Florida | Date Filed: 2019-03-20

Citation: 267 So. 3d 430

Snippet: another. Those options are provided in section 39.521(3)(b), Florida Statutes (2018), which states, in pertinent

K.C. v. Department of Children & Families

Court: District Court of Appeal of Florida | Date Filed: 2017-10-18

Citation: 227 So. 3d 783

Snippet: jurisdiction by erroneously applying section 39.521(3)(b), Florida Statutes (2015), resulting in an order

K.C. v. DCF

Court: District Court of Appeal of Florida | Date Filed: 2017-10-16

Snippet: jurisdiction by erroneously applying section 39.521(3)(b), Florida Statutes (2015), resulting in an order

State of Florida, Department of etc. v. M. A., Father of C.A., Minor Child

Court: District Court of Appeal of Florida | Date Filed: 2017-04-10

Citation: 215 So. 3d 1276, 2017 WL 1322116, 2017 Fla. App. LEXIS 4950

Snippet: of the father’s residence in Indiana. See §§ 39.521(3)(b), 39.522(1), Fla. Stat. (2016). We agree with

D.R. v. J.R.

Court: District Court of Appeal of Florida | Date Filed: 2016-09-27

Citation: 203 So. 3d 952, 2016 Fla. App. LEXIS 14623

Snippet: father in Massachusetts pursuant to section 39.521(3)(b)l., Florida Statutes (2015).2 *954At the disposition

In the Interest Of: B.R.C.M.

Court: District Court of Appeal of Florida | Date Filed: 2015-12-30

Citation: 182 So. 3d 749, 2015 Fla. App. LEXIS 19470

Snippet: immediately upon adjudication. See, e.g., § 39.521(3)(b)l, Fla. Stat (2013) (authorizing the court to

S v. v. Dept. of Children & Families

Court: District Court of Appeal of Florida | Date Filed: 2015-07-08

Snippet: general magistrate’s interpretation of section 39.521(3)(b) of the Florida Statutes was correct. This statute

A.S. v. Department of Children & Family Services

Court: District Court of Appeal of Florida | Date Filed: 2013-04-26

Citation: 113 So. 3d 77, 2013 WL 1776697

Snippet: (Fla. 2d DCA 2012). We recognize that section 39.521(3)(b)(l), Florida Statutes (2011), gives a court the

JG v. Department of Children and Families

Court: District Court of Appeal of Florida | Date Filed: 2012-03-15

Citation: 82 So. 3d 1170, 2012 Fla. App. LEXIS 4217, 2012 WL 874569

Snippet: mother acknowledges that pursuant to section 39.521(3)(b), Florida Statutes (2011), a trial court has

S.V.-R. v. Department of Children & Family Services

Court: District Court of Appeal of Florida | Date Filed: 2011-11-09

Citation: 77 So. 3d 687, 2011 Fla. App. LEXIS 17776, 2011 WL 5375047

Snippet: custody” pending any reunification; under section 39.521(3)(b)2, Florida Statutes (2010), changing custody

A.L. v. Department of Children & Families

Court: District Court of Appeal of Florida | Date Filed: 2010-12-21

Citation: 53 So. 3d 324, 2010 Fla. App. LEXIS 19758, 2010 WL 5184730

Snippet: terminate supervision in accordance with section 39.521(3)(d), Florida Statutes (2009) (“Protective supervision

MM v. Department of Children and Families

Court: District Court of Appeal of Florida | Date Filed: 2010-03-16

Citation: 29 So. 3d 1200, 2010 Fla. App. LEXIS 3620, 2010 WL 979589

Snippet: their *1201 non-offending father under section 39.521(3), Florida Statutes, and terminating jurisdiction

L.M. v. Department of Children & Families

Court: District Court of Appeal of Florida | Date Filed: 2009-10-15

Citation: 19 So. 3d 1153, 2009 Fla. App. LEXIS 15608, 2009 WL 3316944

Snippet: custody to the father was made pursuant to section 39.521(3)(b)l., Florida Statutes (2008). Lastly, the trial

Medlin v. Medlin

Court: District Court of Appeal of Florida | Date Filed: 2009-10-14

Citation: 18 So. 3d 734, 2009 Fla. App. LEXIS 15547, 2009 WL 3278676

Snippet: to the wife under the provisions of section 61.521(3), Florida Statutes. We decline to address this issue

N.T. v. Department of Children & Family Services

Court: District Court of Appeal of Florida | Date Filed: 2009-05-29

Citation: 8 So. 3d 1287, 2009 Fla. App. LEXIS 6937

Snippet: placement. The Mother maintains that section 39.521(3)(b), Florida Statutes (2008), specifically requires

In Re KH

Court: District Court of Appeal of Florida | Date Filed: 2009-05-29

Citation: 8 So. 3d 1287, 2009 WL 1491719

Snippet: placement. The Mother maintains that section 39.521(3)(b), Florida Statutes (2008), specifically requires

PS v. Department of Children and Families

Court: District Court of Appeal of Florida | Date Filed: 2009-02-24

Citation: 4 So. 3d 719, 2009 Fla. App. LEXIS 3516, 2009 WL 482280

Snippet: mental, or emotional health of the child." See §§ 39.521(3)(b), 39.522, Fla. Stat. (2008).

TS v. Department of Children and Families

Court: District Court of Appeal of Florida | Date Filed: 2008-09-22

Citation: 992 So. 2d 299, 2008 WL 4361238

Snippet: instead of the standard set forth in section 39.521(3)(b) with regard to a non-offending parent who requests

Rh v. Dept. of Children and Family Servs.

Court: District Court of Appeal of Florida | Date Filed: 2008-07-23

Citation: 994 So. 2d 1153, 2008 WL 2811785

Snippet: dependency disposition option listed in section 39.521(3)(c), which reads, in pertinent part: If no fit parent

D.M. v. Department of Children & Families

Court: District Court of Appeal of Florida | Date Filed: 2008-03-26

Citation: 978 So. 2d 211, 2008 Fla. App. LEXIS 4339

Snippet: Appellee T.W. (“the Father”), pursuant to section 39.521(3)(b), Florida Statutes (2006). Because we conclude