Texas Statutes (Last Updated: January 4, 2014) |
OCCUPATIONS CODE |
Title 14. REGULATION OF MOTOR VEHICLES AND TRANSPORTATION |
Subtitle A. REGULATIONS RELATED TO MOTOR VEHICLES |
Chapter 2301. SALE OR LEASE OF MOTOR VEHICLES |
Subchapter J. MANUFACTURERS, DISTRIBUTORS, AND REPRESENTATIVES |
Sec. 2301.470. PROHIBITION: CONDITIONS FOR FINANCING MOTOR VEHICLE
Latest version.
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A manufacturer, distributor, or representative may not directly or indirectly, or through a subsidiary or agent, require as a condition for obtaining financing for a motor vehicle that:
(1) the purchaser of the vehicle purchase any product other than the motor vehicle from the manufacturer, the distributor, or an entity owned or controlled by the manufacturer or distributor; or
(2) an insurance policy or service contract bought by the purchaser be from a specific source.
Added by Acts 2001, 77th Leg., ch. 1421, Sec. 5, eff. June 1, 2003.