Terms Used In Texas Transportation Code 520.063

  • 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

The following persons and their agents are exempt from the licensing and other requirements established by this subchapter:
(1) a franchised motor vehicle dealer or independent motor vehicle dealer who holds a general distinguishing number issued by the department under Chapter 503;
(2) a vehicle lessor holding a license issued by the department under Chapter 2301, Occupations Code, or a trust or other entity that is specifically not required to obtain a lessor license under Section 2301.254(a) of that code; and
(3) a vehicle lease facilitator holding a license issued by the department under Chapter 2301, Occupations Code.

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