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Amend CSSB 1052 (house committee report) by adding the following appropriately numbered SECTIONS to the bill and renumbering subsequent SECTIONS of the bill accordingly:
SECTION ____. Section 2301.002(36), Occupations Code, is amended to read as follows:
(36) "Vehicle lessor" means a person who leases or offers to lease a motor vehicle[, under a lease, transfers] to another person under a lease agreement [the right to possession and use of a motor vehicle titled in the name of the lessor].
SECTION ____. Subchapter L, Chapter 2301, Occupations Code, is amended by adding Section 2301.5555 to read as follows:
Sec. 2301.5555. AUTHORITY TO SIGN VEHICLE LEASE AS LESSOR. Notwithstanding Section 2301.251, a licensed vehicle lease facilitator may sign a vehicle lease agreement as a vehicle lessor before the vehicle lease is assigned, transferred, or conveyed to an ultimate lessor.