{"data":{"id":"us-tx/tex.-occupations-code-2301.459","jurisdiction":"us-tx","citation":"Tex. Occupations Code § 2301.459","heading":"PROHIBITION: USE OF PROMISSORY NOTE, SECURITY AGREEMENT, OR INSURANCE POLICY.","body":"Notwithstanding the terms of any franchise, a manufacturer, distributor, or representative may not require or attempt to require that a franchised dealer assign to or act as an agent for a manufacturer, distributor, or representative to secure:\n(1) a promissory note or security agreement given in connection with the sale or purchase of a new motor vehicle; or\n(2) an insurance policy on or having to do with the operation of a vehicle that is sold.\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 J. MANUFACTURERS, DISTRIBUTORS, AND REPRESENTATIVES"],"source_url":"https://statutes.capitol.texas.gov/Docs/OC/htm/OC.2301.htm#2301.459","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:31Z","sha256":"99191a41bddbe0e003916d2729a6a6e2a60e1691e8f5455a2797ab9b47308a03","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-occupations-code-2301.458","next":"us-tx/tex.-occupations-code-2301.460"},"notice":"GroundRules: Original legal text. Not legal advice."}