CS/CS/HB 605 -  Asset Protection Products

General Bill by Commerce Committee and Insurance & Banking Subcommittee and Tramont
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
Last Event: Laid on Table on Monday, March 4, 2024 2:55 PM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: CS/CS/SB 902 Subject: Motor Vehicle Retail Financial Agreements Relationship: Similar

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Final Bill Analysis 3/12/2024 3:49:51 PM
Chamber: House Committee: Commerce Committee 2/16/2024 5:12:43 PM
Chamber: House Committee: Commerce Committee 2/13/2024 8:19:48 PM
Chamber: House Committee: State Administration & Technology Appropriations Subcommittee 2/6/2024 3:51:07 PM
Chamber: House Committee: State Administration & Technology Appropriations Subcommittee 2/5/2024 9:18:51 AM
Chamber: House Committee: Insurance & Banking Subcommittee 1/19/2024 6:29:40 PM
Chamber: House Committee: Insurance & Banking Subcommittee 1/16/2024 6:40:14 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: H Laid on Table Time: 03/04/2024 - 2:55 PM Member: Committee: Version: c2
Event: H Added to Second Reading Calendar Time: 02/19/2024 - 4:46 PM Member: Committee: Version: c2
Event: H 1st Reading Time: 02/19/2024 - 4:46 PM Member: Committee: Version: c2
Event: H Bill referred to House Calendar Time: 02/19/2024 - 8:22 AM Member: Committee: Version: c2
Event: H CS Filed Time: 02/16/2024 - 5:22 PM Member: Committee: Version: c2
Event: H Laid on Table under Rule 7.18(a) Time: 02/16/2024 - 5:22 PM Member: Committee: Version: c1
Event: H Reported out of Commerce Committee Time: 02/16/2024 - 5:18 PM Member: Committee: Commerce Committee Version: c1
Event: H Favorable with CS by Commerce Committee Time: 02/15/2024 - 2:35 PM Member: Committee: Commerce Committee Version: c1
Event: H Added to Commerce Committee agenda Time: 02/13/2024 - 4:07 PM Member: Committee: Commerce Committee Version: c1
Event: H Now in Commerce Committee Time: 02/06/2024 - 3:46 PM Member: Committee: Commerce Committee Version: c1
Event: H Reported out of State Administration & Technology Appropriations Subcommittee Time: 02/06/2024 - 3:46 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: c1
Event: H Favorable by State Administration & Technology Appropriations Subcommittee Time: 02/06/2024 - 1:11 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: c1
Event: H Added to State Administration & Technology Appropriations Subcommittee agenda Time: 02/02/2024 - 3:56 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: c1
Event: H 1st Reading Time: 01/22/2024 - 4:46 PM Member: Committee: Version: c1
Event: H Now in State Administration & Technology Appropriations Subcommittee Time: 01/22/2024 - 12:45 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: c1
Event: H Referred to Commerce Committee Time: 01/22/2024 - 12:45 PM Member: Committee: Commerce Committee Version: c1
Event: H Referred to State Administration & Technology Appropriations Subcommittee Time: 01/22/2024 - 12:45 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: c1
Event: H CS Filed Time: 01/19/2024 - 6:36 PM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.18(a) Time: 01/19/2024 - 6:36 PM Member: Committee: Version: __
Event: H Reported out of Insurance & Banking Subcommittee Time: 01/19/2024 - 6:31 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Favorable with CS by Insurance & Banking Subcommittee Time: 01/18/2024 - 2:01 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Added to Insurance & Banking Subcommittee agenda Time: 01/16/2024 - 3:56 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H 1st Reading Time: 01/09/2024 - 11:31 PM Member: Committee: Version: __
Event: H Now in Insurance & Banking Subcommittee Time: 11/30/2023 - 4:26 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Referred to Commerce Committee Time: 11/30/2023 - 4:26 PM Member: Committee: Commerce Committee Version: __
Event: H Referred to State Administration & Technology Appropriations Subcommittee Time: 11/30/2023 - 4:26 PM Member: Committee: State Administration & Technology Appropriations Subcommittee Version: __
Event: H Referred to Insurance & Banking Subcommittee Time: 11/30/2023 - 4:26 PM Member: Committee: Insurance & Banking Subcommittee Version: __
Event: H Filed Time: 11/21/2023 - 8:35 AM Member: Tramont Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
520.02 CS/CS/SB 902
520.07 CS/CS/SB 902
520.151 CS/CS/SB 902
520.152 CS/CS/SB 902
520.153 CS/CS/SB 902
520.154 CS/CS/SB 902
520.155 CS/CS/SB 902
520.156 CS/CS/SB 902
520.157 CS/CS/SB 902

(*) Not the latest version