Sec. 2352.103. FINANCING. (a) A manufacturer or distributor may not require a dealer to finance through a particular financing source a new boat or new boat motor sold by the dealer.
(b) A manufacturer or distributor may not require a dealer to act as the manufacturer's or distributor's agent in securing:
(1) a promissory note and security agreement in connection with the sale or purchase of a new boat or new boat motor; or
(2) an insurance policy on the operation of a new boat or new boat motor.
Added by Acts 2001, 77th Leg., ch. 1421, Sec. 5, eff. June 1, 2003.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 1148 (H.B. 1960), Sec. 7, eff. September 1, 2011.
Section: Previous 2352.0521 2352.0522 2352.0523 2352.0524 2352.053 2352.101 2352.102 2352.103 2352.104 2352.105 2352.1051 2352.106 2352.107 2352.201 2352.202 NextLast modified: September 28, 2016