Sec. 152.0475. REGISTRATION OF RELATED FINANCE COMPANY

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(a) "Related finance company" means a person in which at least 80 percent of the ownership is identical to the ownership of a dealer, as defined by Section 503.001, Transportation Code.
(b) The comptroller shall establish a registration system for related finance companies under this section.
(c) A related finance company may annually register with the comptroller on a form prescribed by the comptroller. The comptroller shall make the forms available to the public.
(d) The comptroller may charge an annual fee for each registration. The fee may not exceed $1,500.
(e) The comptroller may adopt rules to implement this section.

Added by Acts 2007, 80th Leg., R.S., Ch. 191 , Sec. 2, eff. July 1, 2007.

                    
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