Texas Occupations Code 2301.551 – Acceptance and Payment of Fees by Vehicle Lessor
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(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 § 2301.552.
Terms Used In Texas Occupations Code 2301.551
- Contract: A legal written agreement that becomes binding when signed.
- 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
(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.