Sec. 2301.553. DISCLOSURE OF FEE REQUIRED. (a) In a vehicle lease solicited, procured, or produced by a vehicle lease facilitator, the vehicle lessor shall disclose to the lessee that a fee was paid or will be paid to the vehicle lease facilitator for the solicitation, procurement, or production of the lessee or the lease.
(b) The vehicle lessor shall include the disclosure in a prominent position either:
(1) on the face of the written memorandum of the vehicle lease; or
(2) on a separate instrument signed by the lessee at the same time as the signing of the vehicle lease.
Added by Acts 2001, 77th Leg., ch. 1421, Sec. 5, eff. June 1, 2003.
Section: Previous 2301.525 2301.526 2301.527 2301.528 2301.529 2301.551 2301.552 2301.553 2301.554 2301.555 2301.556 2301.601 2301.602 2301.603 2301.604 NextLast modified: September 28, 2016