Sec. 2301.556. USE OF CERTAIN TERMS. With respect to the regulation of motor vehicle distribution under this chapter, a person may not use the word "lease" or "leasing," or any variation of those words, in the person's name or in the name of an entity owned by the person unless the person is:
(1) licensed under this chapter as a vehicle lessor or vehicle lease facilitator; or
(2) exempt under Section 2301.254 from the requirement to obtain a license.
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