Sec. 348.014. TRANSACTION CONDITIONED ON PURCHASE OF VEHICLE PROTECTION PRODUCT PROHIBITED. (a) In this section, "vehicle protection product" has the meaning assigned by Section 17.45, Business & Commerce Code.
(b) A retail seller may not require as a condition of a retail installment transaction or the cash sale of a motor vehicle that the buyer purchase a vehicle protection product that is not installed on the vehicle at the time of the transaction.
(c) A violation of this section is a false, misleading, or deceptive act or practice within the meaning of Section 17.46, Business & Commerce Code, and is actionable in a public or private suit brought under Subchapter E, Chapter 17, Business & Commerce Code.
Added by Acts 2017, 85th Leg., R.S., Ch. 967 (S.B. 2065), Sec. 1.003, eff. September 1, 2017.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subtitle B - Loans and Financed Transactions
Chapter 348 - Motor Vehicle Installment Sales
Subchapter A. General Provisions
Section 348.0015. Presumption Regarding Noncommercial Vehicles; Exception
Section 348.002. Bailment or Lease as Retail Installment Transaction
Section 348.003. Classification as Retail Installment Transaction Unaffected
Section 348.005. Itemized Charge
Section 348.006. Principal Balance; Inclusion of Documentary Fee
Section 348.007. Applicability of Chapter
Section 348.008. Applicability of Other Statutes to Retail Installment Transaction
Section 348.009. Federal Disclosure Requirements Applicable
Section 348.0091. Disclosure of Equity in Trade-in Motor Vehicle
Section 348.010. Additional Information Allowed in Contract
Section 348.011. Order of Items in Contract
Section 348.012. Applicability of Insurance Premium Financing Provisions
Section 348.013. Conditional Delivery Agreement
Section 348.014. Transaction Conditioned on Purchase of Vehicle Protection Product Prohibited