Tex. Occ. Code § 2352.103

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

Section 2352.103 - Financing

(a) A manufacturer or distributor may not require a dealer to finance through a particular financing source a new boat or new boat motor sold by the dealer.

(b) A manufacturer or distributor may not require a dealer to act as the manufacturer's or distributor's agent in securing:

(1) a promissory note and security agreement in connection with the sale or purchase of a new boat or new boat motor; or

(2) an insurance policy on the operation of a new boat or new boat motor.

Tex. Occ. Code § 2352.103

Amended By Acts 2011, 82nd Leg., R.S., Ch. 1148, Sec. 7, eff. 9/1/2011.

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