By Bosse H.B. No. 3543 75R1881 JMM-D A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the use of certain titles by motor vehicle lessors and 1-3 lease facilitators. 1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-5 SECTION 1. Subchapter E, Texas Motor Vehicle Commission Code 1-6 (Article 4413(36), Vernon's Texas Civil Statutes), is amended by 1-7 adding Section 5.05 to read as follows: 1-8 Sec. 5.05. USE OF CERTAIN TERMS PROHIBITED. A person may 1-9 not use the words "lease" or "leasing" or any variation of those 1-10 words in the person's name or in the name of an entity owned by the 1-11 person unless the person is: 1-12 (1) licensed under this Act as a lessor or lease 1-13 facilitator; or 1-14 (2) exempt under Section 4.01 of this Act from the 1-15 requirement to obtain a license. 1-16 SECTION 2. The importance of this legislation and the 1-17 crowded condition of the calendars in both houses create an 1-18 emergency and an imperative public necessity that the 1-19 constitutional rule requiring bills to be read on three several 1-20 days in each house be suspended, and this rule is hereby suspended, 1-21 and that this Act take effect and be in force from and after its 1-22 passage, and it is so enacted.