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Senate Bill 1248 |
Senate Author: Carona |
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Effective: 9-1-13 |
House Sponsor: Flynn |
Previous law capped the documentary fee a retail seller is authorized to charge for services rendered to, for, or on behalf of a retail buyer in handling and processing the sale of a motorcycle, motor-driven cycle, moped, all-terrain vehicle, boat, boat motor, boat trailer, or towable recreational vehicle at $50. Senate Bill 1248 amends the Finance Code to limit the documentary fee to a reasonable amount agreed to by the retail seller and buyer subject to a reasonable maximum amount set by Finance Commission of Texas rule.