Bill Summary
HB 605 Asset Protection Products (2024 Session)
Asset Protection Products: Specifies requirement regarding amount charged or financed for vehicle value protection agreement; specifies financial security requirements for providers; requires vehicle value protection agreements to include certain written disclosures in clear & understandable language & state terms, restrictions, or conditions governing cancellation; defines "excess wear & use waiver"; authorizes retail lessee to contract with retail lessor for an excess wear & use waiver; prohibits conditioning terms of consumer's motor vehicle lease on his or her payment for any excess wear & use waiver; requires certain disclosures for lease agreement that includes an excess wear & use waiver. Effective Date: October 1, 2024
11/21/23
HOUSE
Filed
11/30/23
HOUSE
Referred to Insurance & Banking Subcommittee; State Administration & Technology Appropriations Subcommittee; Commerce Committee
11/30/23
HOUSE
Now in Insurance & Banking Subcommittee
01/16/24
HOUSE
On Committee agenda - Insurance & Banking Subcommittee, 01/18/24, 9:00 am, 17 H
01/18/24
HOUSE
Favorable with CS by Insurance & Banking Subcommittee; 18 Yeas, 0 Nays
01/19/24
HOUSE
Committee Substitute Text (C1) Filed
01/22/24
HOUSE
Now in State Administration & Technology Appropriations Subcommittee
02/02/24
HOUSE
On Committee agenda - State Administration & Technology Appropriations Subcommittee, 02/06/24, 11:30 am, 212 K
02/06/24
HOUSE
Favorable by State Administration & Technology Appropriations Subcommittee; 12 Yeas, 0 Nays
02/06/24
HOUSE
Now in Commerce Committee
02/13/24
HOUSE
On Committee agenda - Commerce Committee, 02/15/24, 9:00 am, 212 K
02/15/24
HOUSE
Favorable with CS by Commerce Committee; 18 Yeas, 0 Nays
02/16/24
HOUSE
Committee Substitute Text (C2) Filed
02/19/24
HOUSE
Placed on Calendar, on 2nd reading
03/04/24
HOUSE
Laid on Table
520.02
520.07
520.151
520.152
520.153
520.154
520.155
520.156
520.157
Research & Reports
Revenue Estimating Coverence Reports, Veto, Transmittal letters and more. Learn more.
No reports related to this bill.
Upcoming Events
Florida's most comprehensive legislative calendar.
Learn more.
No events are scheduled at this time.
Press Releases
Related Press Announcements. Learn more.
No press releases related to this bill.
Features above are available to LobbyTools subscribers.
Request a free demo or call (850) 915-0100 ext. 2 to learn more.