Florida Statutes

Fla. Stat. § 521.004 (2025)

Disclosures.

✓ 2025 Florida Statutes — current through the 2025 Regular Session

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521.004 Disclosures.—A retail lessor must:

(1) Disclose to the retail lessee in the lease agreement in a separate blocked section, in capital letters of at least 12-point bold type, with the appropriate amounts specified, as follows:

THIS IS A LEASE AGREEMENT.
THIS IS NOT A PURCHASE AGREEMENT.

PLEASE REVIEW THESE MATTERS CAREFULLY AND SEEK INDEPENDENT PROFESSIONAL ADVICE IF YOU HAVE ANY QUESTIONS CONCERNING THIS TRANSACTION. YOU ARE ENTITLED TO AN EXACT COPY OF THE AGREEMENT YOU SIGN.

CAPITALIZED COST $

(Your total cost of goods, services, & fees.)

CAPITALIZED COST REDUCTION $

(Your total credits.)

ADJUSTED OR NET CAPITALIZED COST $

(Your net cost of goods, services, & fees.)

For purposes of this subsection, that portion of the disclosure stating the terms “capitalized cost,” “capitalized cost reduction,” and “adjusted or net capitalized cost,” and the explanations contained in the parentheticals, as well as their respective amounts, are not required to be disclosed if the terms “gross capitalized cost,” “capitalized cost reduction,” and “adjusted capitalized cost” and the descriptions and disclosures set forth and required by the federal Consumer Leasing Act, 15 U.S.C. s. 1667 et seq., and Federal Reserve Board Regulation M. 12 C.F.R. part 213, are set forth elsewhere in the lease agreement.

(2) Provide the retail lessee with a copy of the lease agreement.

History.—s. 4, ch. 95-350; s. 1, ch. 98-128; s. 1, ch. 2005-125.

Notes of Decisions

Cited in 2 cases, 2000–2004 · leading case: Courtesy Auto Grp., Inc. v. Garcia, 778 So. 2d 1000 (Fla. 5th DCA 2000).

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Courtesy Auto Grp., Inc. v. Garcia, 778 So. 2d 1000 (Fla. 5th DCA 2000). · cites it 8× “Garcia defined the class as all retail lessees of motor vehicles from Courtesy pursuant to a lease agreement whose last payment was due or will become due after February 18, 1997, and which failed to contain the mandatory disclosure required by section 521.004, Florida Statutes.…”

Courtesy Auto Grp., Inc. v. Garcia, 874 So. 2d 1220 (Fla. 5th DCA 2004). · cites it 3× “The trial court addressed Courtesy Auto’s arguments and found that section 521.004 encompassed all of the documents that Ms.”

— 521.004(1) — 1 case

Courtesy Auto Grp., Inc. v. Garcia, 778 So. 2d 1000 (Fla. 5th DCA 2000). “Garcia defined the class as all retail lessees of motor vehicles from Courtesy pursuant to a lease agreement whose last payment was due or will become due after February 18, 1997, and which failed to contain the mandatory disclosure required by section 521.004, Florida Statutes.…”

— 521.004(2) — 1 case

Courtesy Auto Grp., Inc. v. Garcia, 874 So. 2d 1220 (Fla. 5th DCA 2004). “The trial court addressed Courtesy Auto’s arguments and found that section 521.004 encompassed all of the documents that Ms.”

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