§ 542.1 Procedures for selecting new light duty truck lines that are likely to have high or low theft rates
§ 542.2 Procedures for selecting low theft light duty truck lines with a majority of major parts interchangeable with those of a passenger motor vehicle line
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Terms Used In 49 CFR Part 542 - Procedures for Selecting Light Duty Truck Lines to Be Covered by the Theft Prevention Standard

  • Contract: A legal written agreement that becomes binding when signed.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC