| 1 | 1 | | By: Schaefer H.B. No. 4004 |
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| 2 | 2 | | |
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| 3 | 3 | | |
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| 4 | 4 | | A BILL TO BE ENTITLED |
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| 5 | 5 | | AN ACT |
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| 6 | 6 | | relating to certain holders of independent mobility vehicle |
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| 7 | 7 | | dealer's licenses. |
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| 8 | 8 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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| 9 | 9 | | SECTION 1. Section 501.025 of the Transportation Code, is |
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| 10 | 10 | | amended to read as follows: |
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| 11 | 11 | | (a) A county assessor-collector may not issue a title |
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| 12 | 12 | | receipt on the first sale of a motor vehicle unless the applicant |
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| 13 | 13 | | for the title provides the application for a title and a |
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| 14 | 14 | | manufacturer's certificate in a manner prescribed by the |
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| 15 | 15 | | department. |
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| 16 | 16 | | (b) Subsection (b) applies only to an entity who: |
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| 17 | 17 | | (1) On September 30, 2013, held both an independent |
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| 18 | 18 | | mobility motor vehicle dealer's license and a converter's license |
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| 19 | 19 | | issued under this Chapter, and |
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| 20 | 20 | | (2) operates a business in a county that has a |
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| 21 | 21 | | population of more than 200,000 that borders Lake Palestine. |
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| 22 | 22 | | (c) A person who meets the requirements of Subsection (b) |
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| 23 | 23 | | above may: |
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| 24 | 24 | | (1) purchase and transfer new motor vehicles to |
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| 25 | 25 | | another business entity and may pass a Manufacturer's Certificate |
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| 26 | 26 | | of Origin under the terms of sale. The recipient business entity may |
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| 27 | 27 | | produce the Manufacturer's Certificate of Origin and other |
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| 28 | 28 | | documents necessary to perfect the certificate of title for an |
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| 29 | 29 | | initial sale to the consumer. A manufacturer's certificate of |
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| 30 | 30 | | origin produced from a recipient business entity under this section |
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| 31 | 31 | | will |
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| 32 | 32 | | be sufficient to perfect title when sold to a consumer. |
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| 33 | 33 | | SECTION 2. This Act takes effect immediately if it receives |
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| 34 | 34 | | a vote of two-thirds of all the members elected to each house, as |
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| 35 | 35 | | provided by Section 39, Article III, Texas Constitution. If this |
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| 36 | 36 | | Act does not receive the vote necessary for immediate effect, this |
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| 37 | 37 | | Act takes effect September 1, 2015. |
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