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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) A motor vehicle that is not described by Section 353.001(1)(A), (B), or (C) or a motor vehicle that is of a type typically used for personal, family, or household use, as determined by finance commission rule, is presumed not to be a commercial vehicle.
(b) Notwithstanding Subsection (a), if a retail buyer represents in writing that a motor vehicle is not for personal, family, or household use, or that the vehicle is for commercial use, a retail seller or holder may rely on that representation unless the retail seller or holder, as applicable, has actual knowledge that the representation is not true.
Cite this article: FindLaw.com - Texas Finance Code - FIN § 353.002. Presumption Regarding Noncommercial Vehicles; Exception - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-353-002/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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