Occupations Code › Title 14 › Chapter 2301 › Subchapter L

Texas Occupations Code § 2301.553

Disclosure of Fee Required

Sale or Lease of Motor Vehicles · Vehicle Lessors and Vehicle Lease Facilitators

(a) In a vehicle lease solicited, procured, or produced by a vehicle lease facilitator, the vehicle lessor shall disclose to the lessee that a fee was paid or will be paid to the vehicle lease facilitator for the solicitation, procurement, or production of the lessee or the lease.

(b) The vehicle lessor shall include the disclosure in a prominent position either:

(1) on the face of the written memorandum of the vehicle lease; or

(2) on a separate instrument signed by the lessee at the same time as the signing of the vehicle lease.

Official text of the Texas Occupations Code as published by the Texas Legislative Council.

Official source
Legislative history

Added by Acts 2001, 77th Leg., ch. 1421, Sec. 5, eff. June 1, 2003.