Texas Occupations Code 2301.471 – Use of Financing Subsidiary
Current as of: 2024 | Check for updates
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(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.
