---
type: "Bill"
title: "Motor Vehicle Retail Financial Agreements"
description: "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."
jurisdiction: "us/states/fl"
legislature: "Florida Legislature"
session: "2024"
identifier: "SB 902"
citation: "Florida SB 902 (2024)"
classification: ["bill"]
subjects: []
status: "enacted"
chapter_law: "2024-142"
primary_sponsors: ["Banking and Insurance", "Boyd", "Commerce and Tourism"]
version_count: 4
action_count: 33
vote_count: 5
first_action: "2023-12-13"
last_action: "2024-05-07"
source: "openstates"
source_identifier: "ocd-bill/d7f2dade-7d97-41a3-9ff1-ba47a7312fcc"
source_url: "https://flsenate.gov/Session/Bill/2024/902/ByCategory"
source_hash: "bfaf6c7bf62f8d2e12c4da0c16dba663e35ecc698a8def9bbf19a4998c89e84e"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-fl"]
---

# Florida SB 902 (2024) — Motor Vehicle Retail Financial Agreements

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.

**Enacted** — Laws of Florida, Chapter 2024-142.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **S 902 Filed** (filed) — [source](https://flsenate.gov/Session/Bill/2024/902/BillText/Filed/HTML)
2. **S 902 c1** (committee substitute) — [source](https://flsenate.gov/Session/Bill/2024/902/BillText/c1/HTML)
3. **S 902 c2** (committee substitute) — [source](https://flsenate.gov/Session/Bill/2024/902/BillText/c2/HTML)
4. **S 902 er** (enrolled) — [source](https://flsenate.gov/Session/Bill/2024/902/BillText/er/HTML)

## Votes

- Favorable with Committee Substitute — **10–0** (pass) · upper
- Favorable with Committee Substitute — **5–0** (pass) · upper
- Favorable — **17–0** (pass) · upper
- Passage, Third Reading — **113–0** (pass) · lower
- Third Reading — **40–0** (pass) · upper

## Sponsors

- Banking and Insurance — primary (person)
- Boyd — primary (person)
- Commerce and Tourism — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2023-12-13** Filed `filing`
- **2024-01-04** Referred to Banking and Insurance; Commerce and Tourism; Fiscal Policy `referral-committee`
- **2024-01-09** Introduced `introduction`
- **2024-01-11** On Committee agenda-- Banking and Insurance, 01/16/24, 11:00 am, 412 Knott Building
- **2024-01-16** CS by Banking and Insurance; YEAS 10 NAYS 0
- **2024-01-18** Pending reference review under Rule 4.7(2) - (Committee Substitute)
- **2024-01-18** Now in Commerce and Tourism
- **2024-01-18** CS by Banking and Insurance read 1st time
- **2024-01-25** On Committee agenda-- Commerce and Tourism, 01/30/24, 9:00 am, 110 Senate Building
- **2024-01-30** CS/CS by Commerce and Tourism; YEAS 5 NAYS 0
- **2024-01-31** Pending reference review under Rule 4.7(2) - (Committee Substitute)
- **2024-02-01** Now in Fiscal Policy
- **2024-02-01** CS/CS by Commerce and Tourism read 1st time
- **2024-02-12** On Committee agenda-- Fiscal Policy, 02/15/24, 12:00 pm, 412 Knott Building
- **2024-02-15** Favorable by- Fiscal Policy; YEAS 17 NAYS 0 `committee-passage-favorable`
- **2024-02-16** Placed on Calendar, on 2nd reading
- **2024-02-26** Placed on Special Order Calendar, 02/28/24
- **2024-02-28** Read 2nd time `reading-2`
- **2024-02-28** Read 3rd time `reading-3`
- **2024-02-28** CS passed; YEAS 40 NAYS 0 `passage`
- **2024-02-28** In Messages
- **2024-03-01** Bill referred to House Calendar
- **2024-03-01** Bill added to Special Order Calendar (3/4/2024)
- **2024-03-01** 1st Reading (Committee Substitute 2) `reading-1`
- **2024-03-04** Read 2nd time `reading-2`
- **2024-03-04** Placed on 3rd reading `reading-3`
- **2024-03-04** Added to Third Reading Calendar
- **2024-03-05** Read 3rd time `reading-3`
- **2024-03-05** CS passed; YEAS 113, NAYS 0 `passage`
- **2024-03-05** Ordered enrolled `enrolled`
- **2024-04-22** Signed by Officers and presented to Governor `executive-receipt`
- **2024-05-06** Approved by Governor `executive-signature`
- **2024-05-07** Chapter No. 2024-142

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/d7f2dade-7d97-41a3-9ff1-ba47a7312fcc`. Confidence: reported (aggregated from official Florida legislature records).