Tex. Occ. Code § 2301.470

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 2301.470 - Prohibition: Conditions for Financing Motor Vehicle

A manufacturer, distributor, or representative may not directly or indirectly, or through a subsidiary or agent, require as a condition for obtaining financing for a motor vehicle that:

(1) the purchaser of the vehicle purchase any product other than the motor vehicle from the manufacturer, the distributor, or an entity owned or controlled by the manufacturer or distributor; or

(2) an insurance policy or service contract bought by the purchaser be from a specific source.

Tex. Occ. Code § 2301.470

Added by Acts 2001, 77th Leg., ch. 1421, Sec. 5, eff. 6/1/2003.