{"data":{"id":"us-tx/tex.-occupations-code-2301.254","jurisdiction":"us-tx","citation":"Tex. Occupations Code § 2301.254","heading":"LICENSE NOT REQUIRED FOR CERTAIN VEHICLE LESSORS OR VEHICLE LEASE FACILITATORS.","body":"(a) A person is not required to obtain a license to act as a vehicle lessor or a vehicle lease facilitator if the person is:\n(1) a state or federally chartered financial institution or a regulated subsidiary of the financial institution; or\n(2) a trust or other entity that owns an interest in a vehicle lease and the vehicle that is the subject of the lease, if the lease covering the vehicle is initiated, managed, serviced, and administered by a licensed vehicle lessor.\n(b) A franchised dealer is not required to have a vehicle lessor or vehicle lease facilitator license to engage in any capacity in the business of leasing a motor vehicle that the dealer owns and is licensed under this chapter to sell.\nAdded by Acts 2001, 77th Leg., ch. 1421, Sec. 5, eff. June 1, 2003.","path":["OCCUPATIONS CODE","TITLE 14. REGULATION OF MOTOR VEHICLES AND TRANSPORTATION","SUBTITLE A. REGULATIONS RELATED TO MOTOR VEHICLES","CHAPTER 2301. SALE OR LEASE OF MOTOR VEHICLES","SUBCHAPTER F. LICENSE REQUIREMENTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/OC/htm/OC.2301.htm#2301.254","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:31Z","sha256":"0cc0a18b647b7c4f0dc96c65a0c389acf99ebc0982cea53b77dee9964e1407f5","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-occupations-code-2301.253","next":"us-tx/tex.-occupations-code-2301.255"},"notice":"GroundRules: Original legal text. Not legal advice."}