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Florida Statute 545.045 | Lawyer Caselaw & Research
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The 2024 Florida Statutes

Title XXXIII
REGULATION OF TRADE, COMMERCE, INVESTMENTS, AND SOLICITATIONS
Chapter 545
COMBINATIONS RESTRICTING FINANCING OF MOTOR VEHICLES
View Entire Chapter
F.S. 545.045
545.045 Purchase or assignment of third-party financing.
(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.
History.s. 2, ch. 2014-130.

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Amendments to 545.045


Arrestable Offenses / Crimes under Fla. Stat. 545.045
Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 545.045.



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