Florida Statute 521.3 - Full Text and Legal Analysis

The 2025 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 CourtListener

Amendments to 521.003

Annotations, Discussions, Cases:

Cases Citing Statute 521.003

Total Results: 13

In Re Donald W. Hall and Lucile E. Hall, Debtors, Donald W. Hall and Lucile E. Hall v. Finance One of Georgia Inc., in Re Joe E. Stubblefield and Vicky L. Stubblefield, Debtors, Joe E. Stubblefield and Vicky L. Stubblefield v. Finance One of Georgia Inc., in Re Clinton Eugene Register and Doris Elaine Register, Debtors, Clinton Eugene Register and Doris Elaine Register v. Kennesaw Finance Company, in Re Ronald Gary Hall, Debtor, Ronald Gary Hall v. Finance One of Georgia Inc.

752 F.2d 582, 11 Collier Bankr. Cas. 2d 1367, 1985 U.S. App. LEXIS 27932, 12 Bankr. Ct. Dec. (CRR) 949

Court of Appeals for the Eleventh Circuit | Filed: Feb 4, 1985 | Docket: 488434

Cited 90 times | Published

property of the estate, would conflict with section 521(3), which requires the debtor to surrender all

Blab T v. v. Comcast Cable

182 F.3d 851

Court of Appeals for the Eleventh Circuit | Filed: Jul 30, 1999 | Docket: 395388

Cited 68 times | Published

cable systems.” Cable Act § 601(3), 47 U.S.C. § 521(3). In addition, in a section entitled, “Coordination

Blab T v. of Mobile, Inc. v. Comcast Cable Communications, Inc.

182 F.3d 851

Court of Appeals for the Eleventh Circuit | Filed: Jul 30, 1999 | Docket: 237582

Cited 66 times | Published

cable systems.” Cable Act § 601(3), 47 U.S.C. § 521(3). In addition, in a section entitled “Coordination

Warner Cable Communications, Inc., an Illinois Corporation v. City of Niceville

911 F.2d 634, 68 Rad. Reg. 2d (P & F) 359, 1990 U.S. App. LEXIS 15942

Court of Appeals for the Eleventh Circuit | Filed: Sep 12, 1990 | Docket: 826997

Cited 39 times | Published

such systems. See 47 U.S.C. § 521. 3 . Warner’s opposition to the City’s

Goldberg v. Lawrence (In Re Lawrence)

227 B.R. 907, 41 Collier Bankr. Cas. 2d 177, 1998 Bankr. LEXIS 1615

United States Bankruptcy Court, S.D. Florida. | Filed: Sep 23, 1998 | Docket: 1779986

Cited 14 times | Published

assistance to the Trustee. See generally, 11 U.S.C. § 521(3) and (4).[3] The hearing continued over a three

Circle Redmont, Inc. v. Mercer Transportation Co.

78 F. Supp. 2d 1316, 1999 U.S. Dist. LEXIS 21126, 1999 WL 1288678

District Court, M.D. Florida | Filed: Dec 26, 1999 | Docket: 2467767

Cited 6 times | Published

the regulation of cable systems." 47 U.S.C.A. § 521(3) (West 1991). Additionally, section 636(b) of the

Wendel v. Kent (In Re Kent)

92 B.R. 540, 1988 Bankr. LEXIS 1729, 18 Bankr. Ct. Dec. (CRR) 525

United States Bankruptcy Court, S.D. Florida. | Filed: Sep 22, 1988 | Docket: 1778906

Cited 5 times | Published

and papers relating to property of the estate." § 521(3) and (4). The trustee's request fell within these

Barnett Bank of South Florida, N.A. v. Levine (In Re Levine)

107 B.R. 781, 1989 Bankr. LEXIS 2031

United States Bankruptcy Court, S.D. Florida. | Filed: Nov 27, 1989 | Docket: 1756090

Cited 4 times | Published

relating to the property of the estate . . . Section 521(3) and (4). The Trustee in April 1989 made a substantial

In Re Walker

356 B.R. 834, 20 Fla. L. Weekly Fed. B 53, 2006 Bankr. LEXIS 3112

United States Bankruptcy Court, S.D. Florida. | Filed: Jun 20, 2006 | Docket: 1808795

Cited 3 times | Published

recorded information to the trustee. See 11. U.S.C. § 521(3) & *848 (4). Thus it is the trustee's job, not

In Re Dillon

194 B.R. 533, 35 Collier Bankr. Cas. 2d 1000, 9 Fla. L. Weekly Fed. B 344, 35 Fed. R. Serv. 3d 777, 1996 Bankr. LEXIS 395, 28 Bankr. Ct. Dec. (CRR) 1123

United States Bankruptcy Court, S.D. Florida. | Filed: Apr 1, 1996 | Docket: 1839869

Cited 3 times | Published

Contentions The Trustee grounds his request on 11 U.S.C. § 521(3) which establishes a general duty on the part of

In re Simmons

520 B.R. 136, 25 Fla. L. Weekly Fed. B 91, 2014 Bankr. LEXIS 4886, 2014 WL 6765482

United States Bankruptcy Court, M.D. Florida | Filed: Dec 2, 2014 | Docket: 65786875

Cited 2 times | Published

of the insurance contract.”). . See 11 U.S.C. § 521(3). . Doc. No. 178. . The Trustee and State Farm

In Re Perez

318 B.R. 742, 18 Fla. L. Weekly Fed. B 54, 2005 Bankr. LEXIS 1

United States Bankruptcy Court, M.D. Florida | Filed: Jan 3, 2005 | Docket: 1487817

Cited 2 times | Published

as exempt. 11 U.S.C. §§ 521(4) and 522(b). Section 521(3) deals separately with the situation that arises

Hall v. Finance One of Georgia Inc.

752 F.2d 582

Court of Appeals for the Eleventh Circuit | Filed: Feb 4, 1985 | Docket: 66203638

Published

property of the estate, would conflict with section 521(3), which requires the debtor to surrender all