Section 2301.551 - Acceptance and Payment of Fees By Vehicle Lessor(a) A vehicle lessor may not directly or indirectly accept a fee from a dealer. For purposes of this subsection, "fee" does not include an adjustment in the purchase price paid for the lease or leased vehicle. This subsection does not authorize a fee for referring vehicle leases or prospective lessees.(b) A vehicle lessor may not pay a fee to any person in return for the solicitation, procurement, or production by the person of a prospective lessee of a motor vehicle unless the person: (1) holds a vehicle lease facilitator license issued under this chapter; and(2) has an appointment from the lessor as provided by Section 2301.552.(c) The fees prohibited by this section do not include money paid to:(1) a franchised dealer as a part of the consideration for the sale or assignment of a lease or leased vehicle; or(2) a franchised dealer who transfers title of the vehicle or assigns the lease contract to the lessor of the motor vehicle.Tex. Occ. Code § 2301.551
Added by Acts 2001, 77th Leg., ch. 1421, Sec. 5, eff. 6/1/2003.