Sec. 2301.555. LIMITATIONS ON VEHICLE LEASE FACILITATOR. (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.
Added by Acts 2001, 77th Leg., ch. 1421, Sec. 5, eff. June 1, 2003.
Section: Previous 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 2301.605 2301.606 NextLast modified: September 28, 2016