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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 L. VEHICLE LESSORS AND VEHICLE LEASE FACILITATORS |
Sec. 2301.551. ACCEPTANCE AND PAYMENT OF FEES BY VEHICLE LESSOR
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(a) A vehicle lessor may not directly or indirectly accept a fee from a dealer. For purposes of this subsection, "fee" does not include an adjustment in the purchase price paid for the lease or leased vehicle. This subsection does not authorize a fee for referring vehicle leases or prospective lessees.
(b) A vehicle lessor may not pay a fee to any person in return for the solicitation, procurement, or production by the person of a prospective lessee of a motor vehicle unless the person:
(1) holds a vehicle lease facilitator license issued under this chapter; and
(2) has an appointment from the lessor as provided by Section 2301.552.
(c) The fees prohibited by this section do not include money paid to:
(1) a franchised dealer as a part of the consideration for the sale or assignment of a lease or leased vehicle; or
(2) a franchised dealer who transfers title of the vehicle or assigns the lease contract to the lessor of the motor vehicle.