| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 89R16276 AND-F | |
| 2 | 2 | By: Canales H.B. No. 4916 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | ||
| 6 | 6 | ||
| 7 | 7 | A BILL TO BE ENTITLED | |
| 8 | 8 | AN ACT | |
| 9 | 9 | relating to the assignment of a motor vehicle title by a dealer. | |
| 10 | 10 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 11 | 11 | SECTION 1. Section 501.071, Transportation Code, is amended | |
| 12 | 12 | by adding Subsection (c) to read as follows: | |
| 13 | 13 | (c) A dealer issued a title in the dealer's name by this | |
| 14 | 14 | state or another jurisdiction is not required to make assignment to | |
| 15 | 15 | the dealer before any subsequent sale, provided that the dealer's | |
| 16 | 16 | name on the title matches the name on the license issued to the | |
| 17 | 17 | dealer under Chapter 503. | |
| 18 | 18 | SECTION 2. This Act takes effect immediately if it receives | |
| 19 | 19 | a vote of two-thirds of all the members elected to each house, as | |
| 20 | 20 | provided by Section 39, Article III, Texas Constitution. If this | |
| 21 | 21 | Act does not receive the vote necessary for immediate effect, this | |
| 22 | 22 | Act takes effect September 1, 2025. |