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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. 2301.555. LIMITATIONS ON VEHICLE LEASE FACILITATOR
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(a) A vehicle lease facilitator may not:
(1) sell or offer to sell a new motor vehicle;
(2) accept a fee from a dealer;
(3) sign a motor vehicle manufacturer's statement of origin to a vehicle, accept an assignment of a manufacturer's statement of origin to a vehicle, or otherwise assume any element of title to a new motor vehicle;
(4) procure or solicit a prospective vehicle lessee for or on behalf of any person other than a vehicle lessor; or
(5) act in the capacity of or engage in the business of a vehicle lease facilitator without having an appointment from a vehicle lessor as provided by Section 2301.552.
(b) Except as provided by Subsection (a)(2), a vehicle lease facilitator may accept a fee for procuring a vehicle lessee or prospective vehicle lessee for or on behalf of a lessor.
(c) This section does not:
(1) limit the ability of a vehicle lease facilitator to accept an appointment from more than one vehicle lessor; or
(2) prohibit a vehicle lease facilitator from representing a vehicle lessor or lessee in acquiring a motor vehicle to lease the vehicle to another person.