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Texas Occupations Code - OCC § 2301.551. Acceptance and Payment of Fees by Vehicle Lessor

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

(a) A vehicle lessor may not directly or indirectly accept a fee from a dealer. For purposes of this subsection, “fee” does not include an adjustment in the purchase price paid for the lease or leased vehicle. This subsection does not authorize a fee for referring vehicle leases or prospective lessees.

(b) A vehicle lessor may not pay a fee to any person in return for the solicitation, procurement, or production by the person of a prospective lessee of a motor vehicle unless the person:

(1) holds a vehicle lease facilitator license issued under this chapter; and

(2) has an appointment from the lessor as provided by Section 2301.552.

(c) The fees prohibited by this section do not include money paid to:

(1) a franchised dealer as a part of the consideration for the sale or assignment of a lease or leased vehicle; or

(2) a franchised dealer who transfers title of the vehicle or assigns the lease contract to the lessor of the motor vehicle.

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Cite this article: FindLaw.com - Texas Occupations Code - OCC § 2301.551. Acceptance and Payment of Fees by Vehicle Lessor - last updated January 01, 2024 | https://codes.findlaw.com/tx/occupations-code/occ-sect-2301-551/

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