The Florida Senate

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 $

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

CAPITALIZED COST REDUCTION $

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  (Your total credits.)

ADJUSTED OR NET CAPITALIZED COST $

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

(2)  Provide the retail lessee with a copy of each document signed by the retail lessee during the course of the lease transaction.

History.--s. 4, ch. 95-350.