7 Tex. Admin. Code § 84.612
Current through Reg. 49, No. 45; November 8, 2024
Effective date. The effective date of the statutory licensing requirement is September 1, 2002. After September 1, 2002, a motor vehicle seller may not engage in any retail installment sales transaction without a motor vehicle sales finance license granted under this title. Any motor vehicle seller engaging in a motor vehicle sales finance transaction prior to September 1, 2002, must comply with Texas Finance Code, § 348.401 and § 348.402, and 7 TAC, Part 1, Chapter 1, Subchapter P, as those provisions were in effect. Failure to comply with previously required registration provisions is grounds for denial of an application made under § RSA 84.608 of this title (relating to Processing of Application).
7 Tex. Admin. Code § 84.612