Texas Occupations Code 2301.253 – License Required: Vehicle Lease Facilitators
Current as of: 2024 | Check for updates
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Terms Used In Texas Occupations Code 2301.253
- 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
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
Unless a person holds a vehicle lease facilitator license and complies with this chapter, the person may not:
(1) act in the capacity of or engage in the business of a vehicle lease facilitator;
(2) hold the person out to any other person as a “leasing company,” “leasing agent,” “lease facilitator,” or similar title, directly or indirectly engaged in the business of a vehicle lease facilitator; or
(3) otherwise engage in the solicitation or procurement of a prospective lessee for a motor vehicle that is not titled in the name of and registered to the person.