Bill not drafted by TLC or Senate E&E.
Line and page numbers may not match official copy.
By Siebert H.B. No. 1473
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the licensing and regulation of certain motor vehicle
1-3 dealers.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 503.033(g), Transportation Code, is
1-6 amended to read as follows:
1-7 (g) This section does not apply to a person licensed as a
1-8 franchised motor vehicle dealer by the department's Motor Vehicle
1-9 Board.
1-10 SECTION 2. Section 503.036, Transportation Code, is amended
1-11 to read as follows:
1-12 Section 503.036. REASSIGNMENT OF EVIDENCE OF OWNERSHIP;
1-13 DEALER CATEGORIES. (a) The holder of a franchised motor vehicle
1-14 dealer's general distinguishing number may buy, sell, or exchange
1-15 new or used motor vehicles and reassign a manufacturer's
1-16 certificate of origin, certificate of title, or other basic
1-17 evidence of ownership of any type of vehicle owned by the dealer
1-18 that the dealer is not otherwise prohibited by law from selling or
1-19 offering for sale.
1-20 (b) The holder of an independent motor vehicle dealer's
1-21 general distinguishing number may reassign a certificate of title
1-22 or other basic evidence of ownership of any type of vehicle owned
1-23 by the dealer that the dealer is not otherwise prohibited by law
1-24 from selling or offering for sale.
2-1 (c) The holder of a wholesale motor vehicle dealer's general
2-2 distinguishing number may sell or offer to sell motor vehicles to
2-3 no person except:
2-4 (1) a person who holds a general distinguishing
2-5 number; or
2-6 (2) a person who is legally recognized as and duly
2-7 licensed or otherwise qualified as a dealer under the laws of
2-8 another state or foreign jurisdiction.
2-9 [A dealer may reassign any basic evidence of ownership,
2-10 including a manufacturer's certificate of origin or a certificate
2-11 of title, for a vehicle owned by the dealer that the dealer is not
2-12 otherwise prohibited by law from selling only if the dealer:]
2-13 [(1) is licensed by the department's Motor Vehicle
2-14 Board; or]
2-15 [(2) has filed security as required by Section
2-16 503.033.]
2-17 SECTION 3. The importance of this legislation and the
2-18 crowded condition of the calendars in both houses create an
2-19 emergency and an imperative public necessity that the
2-20 constitutional rule requiring bills to be read on three several
2-21 days in each house be suspended, and this rule is hereby suspended,
2-22 and that this Act take effect and be in force from and after its
2-23 passage, and it is so enacted.