Tex. Occ. Code § 2301.553 · Subchapter L. VEHICLE LESSORS AND VEHICLE LEASE FACILITATORS
DISCLOSURE OF FEE REQUIRED.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In a vehicle lease solicited, procured, or produced by a vehicle lease facilitator, the vehicle lessor shall disclose to the lessee that a fee was paid or will be paid to the vehicle lease facilitator for the solicitation, procurement, or production of the lessee or the lease.
(b) The vehicle lessor shall include the disclosure in a prominent position either:
(1) on the face of the written memorandum of the vehicle lease; or
(2) on a separate instrument signed by the lessee at the same time as the signing of the vehicle lease.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1421, Sec. 5, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/OC/htm/OC.2301.htm
- Text hash
- sha256 6e97c587f886f193207c2aa0db136f9104737aad94eb2aed4621432bd772c7b3
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.