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A BILL TO BE ENTITLED
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AN ACT
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relating to the advertising of certain used motor vehicles. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter H, Chapter 2301, Occupations Code, is |
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amended by adding Section 2301.364 to read as follows: |
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Sec. 2301.364. ADVERTISING BY DEALERS OF CERTAIN USED MOTOR |
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VEHICLES. (a) Notwithstanding any other law, a dealer may |
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advertise for sale a specific used motor vehicle that is not in the |
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possession of the dealer at the time the advertisement is placed if |
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the advertisement: |
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(1) clearly and conspicuously discloses that the |
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vehicle is not in the possession of the dealer; |
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(2) states that the motor vehicle may be obtained |
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within a reasonable time from the manufacturer, the distributor, a |
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manufacturer- or distributor-affiliated financial institution, or |
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a licensed motor vehicle auction; and |
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(3) includes the vehicle identification number of the |
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specific motor vehicle, if the price of the vehicle is advertised. |
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(b) A dealer may include in an advertisement under this |
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section a statement indicating that a vehicle may be subject to |
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prior sale and that a consumer should contact the dealer for |
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availability and final pricing. |
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SECTION 2. This Act takes effect September 1, 2023. |