Bill Text: TX HB3163 | 2017-2018 | 85th Legislature | Comm Sub
Bill Title: Relating to persons engaged in business as a vehicle lessor or vehicle lease facilitator.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2017-05-09 - Placed on General State Calendar [HB3163 Detail]
Download: Texas-2017-HB3163-Comm_Sub.html
85R24986 TSR-D | |||
By: Button | H.B. No. 3163 | ||
Substitute the following for H.B. No. 3163: | |||
By: Kuempel | C.S.H.B. No. 3163 |
|
||
|
||
relating to persons engaged in business as a vehicle lessor or | ||
vehicle lease facilitator. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 2301.002(36), Occupations Code, is | ||
amended to read as follows: | ||
(36) "Vehicle lessor" means a person who leases or | ||
offers to lease a motor vehicle[ |
||
another person under a lease agreement [ |
||
|
||
SECTION 2. Subchapter L, Chapter 2301, Occupations Code, is | ||
amended by adding Section 2301.5555 to read as follows: | ||
Sec. 2301.5555. AUTHORITY TO SIGN VEHICLE LEASE AS LESSOR. | ||
Notwithstanding Section 2301.251, a licensed vehicle lease | ||
facilitator may sign a vehicle lease agreement as a vehicle lessor | ||
before the vehicle lease is assigned, transferred, or conveyed to | ||
an ultimate lessor. | ||
SECTION 3. This Act takes effect immediately if it receives | ||
a vote of two-thirds of all the members elected to each house, as | ||
provided by Section 39, Article III, Texas Constitution. If this | ||
Act does not receive the vote necessary for immediate effect, this | ||
Act takes effect September 1, 2017. |