Sec. 2301.554. TERMS OF LEASE: FOREIGN COUNTRIES. (a) Except as provided by Subsection (b) or by federal law, including a federal agency rule, a vehicle lessor may not, and the vehicle lease may not, prohibit the lessee from taking the vehicle that is the subject of the lease into a specific foreign country unless the lease prohibits the lessee from taking the vehicle into any foreign country.
(b) In the interests of justice and giving deference to standard national business practices, the board may adopt a rule by which a lease may prohibit the lessee from taking the vehicle into a specific foreign country regardless of whether the lease prohibits the lessee from taking the vehicle into another foreign country. In adopting a rule under this subsection the board shall give consideration to the proximity of international borders to prospective Texas lessees.
Added by Acts 2001, 77th Leg., ch. 1421, Sec. 5, eff. June 1, 2003.
Structure Texas Statutes
Title 14 - Regulation of Motor Vehicles and Transportation
Subtitle A - Regulations Related to Motor Vehicles
Chapter 2301 - Sale or Lease of Motor Vehicles
Subchapter L. Vehicle Lessors and Vehicle Lease Facilitators
Section 2301.551. Acceptance and Payment of Fees by Vehicle Lessor
Section 2301.552. Appointment of Vehicle Lease Facilitator
Section 2301.553. Disclosure of Fee Required
Section 2301.554. Terms of Lease: Foreign Countries
Section 2301.555. Limitations on Vehicle Lease Facilitator
Section 2301.5555. Authority to Sign Vehicle Lease as Lessor