85R7920 JAM-F
By: Perry S.B. No. 1062
A BILL TO BE ENTITLED
AN ACT
relating to documentation for the transfer of a motor vehicle
title.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 501.072, Transportation Code, is amended
to read as follows:
Sec. 501.072. ODOMETER DISCLOSURE STATEMENT. (a) Except
as provided by Subsection (c), the transferor [seller] of a motor
vehicle sold in this state shall provide to the transferee [buyer,
on a form prescribed by the department,] a [written] disclosure of
the vehicle's odometer reading at the time of the transfer in
compliance with 49 C.F.R. Part 580 [sale. The form must include
space for the signature and printed name of both the seller and
buyer].
(b) When application for a [certificate of] title is made,
the transferee [owner] shall record the [current] odometer reading
on the application. The [written] disclosure required by
Subsection (a) must accompany the application.
(c) An odometer disclosure statement is not required for the
sale of a motor vehicle that is exempt from odometer disclosure
requirements under 49 C.F.R. Section 580.17 [:
[(1) has a manufacturer's rated carrying capacity of
more than two tons;
[(2) is not self-propelled;
[(3) is 10 or more years old;
[(4) is sold directly by the manufacturer to an agency
of the United States government in conformity with contractual
specifications; or
[(5) is a new motor vehicle].
SECTION 2. Subchapter D, Chapter 501, Transportation Code,
is amended by adding Section 501.077 to read as follows:
Sec. 501.077. ELECTRONIC FORMS; VERIFICATION. (a) The
department shall provide in electronic format and for use
consistent with 49 C.F.R. Part 580:
(1) a secure power of attorney form; and
(2) a secure reassignment form for licensed motor
vehicle dealers.
(b) This section does not require the department to certify
an electronic signature process or an electronic signature vendor
before accepting a form described by Subsection (a) that is
executed with an electronic signature.
SECTION 3. This Act takes effect September 1, 2017.