Texas Business & Commerce Code

§ 94.003 — RESTRICTIONS ON LESSOR CONCERNING EXCESS WEAR AND USE WAIVER

BC § 94.003Title 5. REGULATION OF BUSINESSES AND SERVICES · Part B. RENTAL PRACTICES · Ch. 94. EXCESS WEAR AND USE WAIVERS FOR LEASES OF MOTOR VEHICLES

Statute text

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A lessor may not:

(1)sell an excess wear and use waiver, unless:

(A)the lease agreement containing the excess wear and use waiver complies with this chapter; and

(B)the lessee agrees to the excess wear and use waiver in writing; or

(2)impose or require the purchase of an excess wear and use waiver as a condition of entering into a lease agreement.

Legislative history

Added by Acts 2019, 86th Leg., R.S., Ch. 649 (S.B. 1778), Sec. 1, eff. September 1, 2019. Added by Acts 2019, 86th Leg., R.S., Ch. 1144 (H.B. 2847), Sec. 1.001, eff. September 1, 2019.