Florida § 545.045 - Purchase or assignment of third-party financing.
Full text of Florida Florida Statutes § 545.045 — Purchase or assignment of third-party financing., with citation guidance and answers to common questions.
§ 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.
Source: official Florida text · Last verified 2026-08-27
Frequently Asked Questions About Florida § 545.045
What does Florida Statutes § 545.045 cover?
Section 545.045 ("Purchase or assignment of third-party financing.") is part of the Florida Statutes, the codified statutory law of Florida. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Florida § 545.045?
A common citation format is "Florida Statutes § 545.045" (Florida). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Florida law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Florida official source linked on this page or consult a licensed Florida attorney.
How does Florida § 545.045 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Florida can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Florida.