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Glossary of Legislative Terms

CS/CS/SB 902: Motor Vehicle Retail Financial Agreements

GENERAL BILL by Commerce and Tourism ; Banking and Insurance ; Boyd

Motor Vehicle Retail Financial Agreements; Revising the definition of the term “guaranteed asset protection product”; requiring entities to refund the portions of the purchase price of the contract for a guaranteed asset protection product under certain circumstances; creating the "Florida Vehicle Value Protection Agreements Act"; authorizing the offer, sale, or gift of vehicle value protection agreements in compliance with a certain act, etc.

Effective Date: 10/1/2024
 Last Action: 5/7/2024 - Chapter No. 2024-142
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Commerce and Tourism (CM)
  3. Fiscal Policy (FP)

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  • Bill History

    Date Chamber Action
    12/13/2023 Senate • Filed
    1/4/2024 Senate • Referred to Banking and Insurance; Commerce and Tourism; Fiscal Policy
    1/9/2024 Senate • Introduced
    1/11/2024 Senate • On Committee agenda-- Banking and Insurance, 01/16/24, 11:00 am, 412 Knott Building
    1/16/2024 Senate • CS by Banking and Insurance; YEAS 10 NAYS 0
    1/18/2024 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    • Now in Commerce and Tourism
    • CS by Banking and Insurance read 1st time
    1/25/2024 Senate • On Committee agenda-- Commerce and Tourism, 01/30/24, 9:00 am, 110 Senate Building
    1/30/2024 Senate • CS/CS by Commerce and Tourism; YEAS 5 NAYS 0
    1/31/2024 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    2/1/2024 Senate • Now in Fiscal Policy
    • CS/CS by Commerce and Tourism read 1st time
    2/12/2024 Senate • On Committee agenda-- Fiscal Policy, 02/15/24, 12:00 pm, 412 Knott Building
    2/15/2024 Senate • Favorable by- Fiscal Policy; YEAS 17 NAYS 0
    2/16/2024 Senate • Placed on Calendar, on 2nd reading
    2/26/2024 Senate • Placed on Special Order Calendar, 02/28/24
    2/28/2024 Senate • Read 2nd time -SJ 496
    • Read 3rd time -SJ 497
    • CS passed; YEAS 40 NAYS 0 -SJ 497
    2/28/2024 House • In Messages
    3/1/2024 House • Bill referred to House Calendar
    • Bill added to Special Order Calendar (3/4/2024)
    • 1st Reading (Committee Substitute 2)
    3/4/2024 House • Read 2nd time
    • Placed on 3rd reading
    • Added to Third Reading Calendar
    3/5/2024 House • Read 3rd time
    • CS passed; YEAS 113, NAYS 0
    3/5/2024 Senate • Ordered enrolled
    4/22/2024 • Signed by Officers and presented to Governor
    5/6/2024 • Approved by Governor
    5/7/2024 • Chapter No. 2024-142

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  • CS/CS/SB 902, Enrolled (Current Bill Version) Posted 3/5/2024 at 3:04 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 605 (c2) Asset Protection Products Insurance & Banking Subcommittee Similar Last Action: 3/4/2024 H Laid on Table, companion bill(s) passed, see CS/CS/SB 902 (Ch. 2024-142) Track This Bill

    Citations - Statutes (9)

    Citation Catchline Location in Bill Location In Bill Help
    520.02 Definitions. Page 3 (pdf)
    520.07 Requirements and prohibitions as to retail installment contracts. Page 3 (pdf)
    520.151 Page 5 (pdf)
    520.152 Page 5 (pdf)
    520.153 Page 6 (pdf)
    520.154 Page 9 (pdf)
    520.155 Page 11 (pdf)
    520.156 Page 11 (pdf)
    520.157 Page 12 (pdf)

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  • CS/CS/SB 902, Committee Substitute 2 Posted 1/31/2024 at 8:46 AM

    Bill Text:   Web Page | PDF
    Analyses:   Fiscal Policy (Pre-Meeting) 2/13/2024 (pdf)
    Fiscal Policy (Post-Meeting) 2/16/2024 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 605 (c2) Asset Protection Products Insurance & Banking Subcommittee Similar Last Action: 3/4/2024 H Laid on Table, companion bill(s) passed, see CS/CS/SB 902 (Ch. 2024-142) Track This Bill

    Committee Votes (1)

    Date Committee Result
    2/15/2024 12:00 PM Fiscal Policy 17 Yeas - 0 Nays

    Floor Votes (2)

    Date Chamber Result
    2/28/2024 11:19 AM Senate 40 Yeas - 0 Nays
    3/5/2024 12:28 PM House 113 Yeas - 0 Nays

    Citations - Statutes (9)

    Citation Catchline Location in Bill Location In Bill Help
    520.02 Definitions. Page 3 (pdf)
    520.07 Requirements and prohibitions as to retail installment contracts. Page 3 (pdf)
    520.151 Page 5 (pdf)
    520.152 Page 5 (pdf)
    520.153 Page 6 (pdf)
    520.154 Page 9 (pdf)
    520.155 Page 11 (pdf)
    520.156 Page 11 (pdf)
    520.157 Page 12 (pdf)

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  • CS/SB 902, Committee Substitute 1 Posted 1/18/2024 at 12:26 PM

    Bill Text:   Web Page | PDF
    Analyses:   Commerce and Tourism (Pre-Meeting) 1/29/2024 (pdf)
    Commerce and Tourism (Post-Meeting) 1/30/2024 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 605 (c1) Asset Protection Products Insurance & Banking Subcommittee Similar Last Action: 3/4/2024 H Laid on Table, companion bill(s) passed, see CS/CS/SB 902 (Ch. 2024-142) Track This Bill

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    945370 - Amendment
    Delete lines 100 - 101 and insert:     		Commerce and Tourism
    (Boyd)     		1/29/2024
    10:43 AM
    (Late Filed)     		Replaced by Committee Substitute
    1/30/2024     		Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    1/30/2024 9:00 AM Commerce and Tourism 5 Yeas - 0 Nays

    Citations - Statutes (9)

    Citation Catchline Location in Bill Location In Bill Help
    520.02 Definitions. Page 3 (pdf)
    520.07 Requirements and prohibitions as to retail installment contracts. Page 3 (pdf)
    520.151 Page 5 (pdf)
    520.152 Page 5 (pdf)
    520.153 Page 6 (pdf)
    520.154 Page 9 (pdf)
    520.155 Page 11 (pdf)
    520.156 Page 11 (pdf)
    520.157 Page 11 (pdf)

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  • SB 902, Original Filed Version Posted 12/13/2023 at 9:58 AM

    Bill Text:   Web Page | PDF
    Analyses:   Banking and Insurance (Pre-Meeting) 1/12/2024 (pdf)
    Banking and Insurance (Post-Meeting) 1/18/2024 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 605 Asset Protection Products Insurance & Banking Subcommittee Similar Last Action: 3/4/2024 H Laid on Table, companion bill(s) passed, see CS/CS/SB 902 (Ch. 2024-142) Track This Bill

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    871000 - Amendment
    Delete lines 80 - 401 and insert:     		Banking and Insurance
    (Boyd)     		1/12/2024
    9:51 AM     		Replaced by Committee Substitute
    1/18/2024     		Web Page
    PDF

    Committee Votes (1)

    Date Committee Result
    1/16/2024 11:00 AM Banking and Insurance 10 Yeas - 0 Nays

    Citations - Statutes (10)

    Citation Catchline Location in Bill Location In Bill Help
    520.02 Definitions. Page 3 (pdf)
    520.07 Requirements and prohibitions as to retail installment contracts. Page 3 (pdf)
    520.151 Page 5 (pdf)
    520.152 Page 5 (pdf)
    520.153 Page 7 (pdf)
    520.154 Page 9 (pdf)
    520.155 Page 11 (pdf)
    520.156 Page 11 (pdf)
    521.003 Definitions. Page 12 (pdf)
    521.007 Page 14 (pdf)

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