Texas Occupations Code 2301.470 – Prohibition: Conditions for Financing Motor Vehicle
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Terms Used In Texas Occupations Code 2301.470
- Contract: A legal written agreement that becomes binding when signed.
A manufacturer, distributor, or representative may not directly or indirectly, or through a subsidiary or agent, require as a condition for obtaining financing for a motor vehicle that:
(1) the purchaser of the vehicle purchase any product other than the motor vehicle from the manufacturer, the distributor, or an entity owned or controlled by the manufacturer or distributor; or
(2) an insurance policy or service contract bought by the purchaser be from a specific source.