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Texas Statutes (Last Updated: January 4, 2014) |
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OCCUPATIONS CODE |
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Title 14. REGULATION OF MOTOR VEHICLES AND TRANSPORTATION |
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Subtitle A. REGULATIONS RELATED TO MOTOR VEHICLES |
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Chapter 2301. SALE OR LEASE OF MOTOR VEHICLES |
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Subchapter F. LICENSE REQUIREMENTS |
Sec. 2301.257. APPLICATION FOR DEALER'S LICENSE
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(a) An application for a dealer's license must be on a form prescribed by the department. The application must include:
(1) the information required by Chapter 503, Transportation Code; and
(2) information relating to the applicant's financial resources, business integrity, business ability and experience, franchise if applicable, physical facilities, vehicle inventory, and other factors the department considers necessary to determine the applicant's qualifications to adequately serve the public.
(b) If a material change occurs in the information included in an application for a dealer's license, the dealer shall notify the department of the change within a reasonable time. The department shall prescribe a form for the disclosure of the change.
(c) A franchised dealer must apply for a separate license under this section for each separate and distinct dealership showroom as determined by the department. Before changing a location, a dealer must obtain a new license for that location.
(d) The act of filing an application under this section or a form prescribed under this section does not establish the applicant as a franchised dealer.