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Texas Occupations Code - OCC § 2301.471. Use of Financing Subsidiary

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) A manufacturer, distributor, or representative may not:

(1) compel a franchised dealer through a financing subsidiary of the manufacturer or distributor to agree to unreasonable operating requirements; or

(2) directly or indirectly terminate a franchise through the actions of a financing subsidiary of the manufacturer or distributor.

(b) This section does not limit the right of a financing entity to engage in business practices in accordance with the usage of trade in retail and wholesale motor vehicle financing.

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Cite this article: FindLaw.com - Texas Occupations Code - OCC § 2301.471. Use of Financing Subsidiary - last updated January 01, 2024 | https://codes.findlaw.com/tx/occupations-code/occ-sect-2301-471/

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