Sec. 94.003. RESTRICTIONS ON LESSOR CONCERNING EXCESS WEAR AND USE WAIVER. A lessor may not:
(1) sell an excess wear and use waiver, unless:
(A) the lease agreement containing the excess wear and use waiver complies with this chapter; and
(B) the lessee agrees to the excess wear and use waiver in writing; or
(2) impose or require the purchase of an excess wear and use waiver as a condition of entering into a lease agreement.
Added by Acts 2019, 86th Leg., R.S., Ch. 649 (S.B. 1778), Sec. 1, eff. September 1, 2019.
Added by Acts 2019, 86th Leg., R.S., Ch. 1144 (H.B. 2847), Sec. 1.001, eff. September 1, 2019.
Structure Texas Statutes
Title 5 - Regulation of Businesses and Services
Chapter 94 - Excess Wear and Use Waivers for Leases of Motor Vehicles
Section 94.002. Contract for Excess Wear and Use Waiver
Section 94.003. Restrictions on Lessor Concerning Excess Wear and Use Waiver
Section 94.004. Required Notice
Section 94.005. Required Disclosures
Section 94.006. Relationship to Insurance