78R4478 JRJ-D

By:  Staples                                                      S.B. No. 1640


A BILL TO BE ENTITLED
AN ACT
relating to duties of certain motor vehicle dealers on the transfer of used vehicles. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Subchapter C, Chapter 520, Transportation Code, is amended by adding Section 520.024 to read as follows: Sec. 520.024. DUTIES OF CERTAIN MOTOR VEHICLE DEALERS ON TRANSFER OF USED VEHICLE. If a transferee is a franchised or independent motor vehicle dealer as defined by Section 503.001, the transferee must inform the transferor of a motor vehicle of the right to file a written notice of transfer with the department under Section 520.023. SECTION 2. This Act takes effect September 1, 2003.