Florida Statutes 545.07 – Acceptance of benefits by finance company for purpose of lessening competition prohibited
Current as of: 2023 | Check for updates
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Terms Used In Florida Statutes 545.07
- Finance company: means a person engaged in the business of financing the sale or lease of motor vehicles, or engaged in the business of purchasing or acquiring vehicle contracts in this state. See Florida Statutes 545.01
- purchase: includes an exchange, barter, gift, or offer to contract to sell or buy. See Florida Statutes 545.01
It is unlawful for any finance company who accepts or receives, either directly or indirectly, any payment, thing, or service of value, as set forth in s. 545.06, or contracts, either directly or indirectly, to receive any such payment or thing or service of value, to thereafter finance or attempt to finance the purchase or sale of any motor vehicle or buy or attempt to buy any conditional sales contracts, chattel mortgages or other paper on motor vehicles sold at retail in this state.