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.