diff --git a/docs/release-notes/version-2.7.md b/docs/release-notes/version-2.7.md
index a6a6b65cf..ab1e2de0d 100644
--- a/docs/release-notes/version-2.7.md
+++ b/docs/release-notes/version-2.7.md
@@ -1,3 +1,11 @@
+# v2.7.4 (FUTURE)
+
+## Bug Fixes
+
+* [#4043](https://github.com/netbox-community/netbox/issues/4043) - Fix toggling of required fields in custom scripts
+
+---
+
 # v2.7.3 (2020-01-28)
 
 ## Enhancements
diff --git a/netbox/extras/scripts.py b/netbox/extras/scripts.py
index bd7e864e1..6567fe707 100644
--- a/netbox/extras/scripts.py
+++ b/netbox/extras/scripts.py
@@ -53,14 +53,15 @@ class ScriptVariable:
         # Initialize field attributes
         if not hasattr(self, 'field_attrs'):
             self.field_attrs = {}
-        if description:
-            self.field_attrs['help_text'] = description
         if label:
             self.field_attrs['label'] = label
+        if description:
+            self.field_attrs['help_text'] = description
         if default:
             self.field_attrs['initial'] = default
-        if required:
-            self.field_attrs['required'] = True
+        self.field_attrs['required'] = required
+
+        # Initialize the list of optional validators if none have already been defined
         if 'validators' not in self.field_attrs:
             self.field_attrs['validators'] = []