86R4623 BEE-D
By: Hancock S.B. No. 897
A BILL TO BE ENTITLED
AN ACT
relating to the regulation of salvage vehicle dealers.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 2302.101, Occupations Code, is amended
to read as follows:
Sec. 2302.101. LICENSE REQUIRED FOR SALVAGE VEHICLE DEALER.
Unless a person holds a salvage vehicle dealer license issued under
this chapter or an independent motor vehicle dealer's general
distinguishing number issued under Chapter 503, Transportation
Code, the person may not:
(1) act as a salvage vehicle dealer or rebuilder; or
(2) store or display a motor vehicle as an agent or
escrow agent of an insurance company.
SECTION 2. This Act takes effect September 1, 2019.