Current through Reg. 49, No. 45; November 8, 2024
Section 86.201 - Documentary Fee(a) Purpose. The purpose of this section is to specify the maximum documentary fee in a retail installment transaction for the sale of a motorcycle, moped, all-terrain vehicle, boat, boat motor, boat trailer, or towable recreational vehicle, as provided by Texas Finance Code, § 345.251.(b) Definitions. (1) All-terrain vehicle--Has the meaning provided by Texas Transportation Code, § 551A.001(1).(2) Boat--A vessel, as described by Texas Parks and Wildlife Code, § 31.003(2).(3) Boat motor--An outboard motor, as described by Texas Parks and Wildlife Code, § 31.003(13).(4) Covered land vehicle--A motorcycle, moped, all-terrain vehicle, boat trailer, or towable recreational vehicle.(5) Covered watercraft--A boat or boat motor.(6) Moped--Has the meaning provided by Texas Transportation Code, § 541.201(8).(7) Motorcycle--Has the meaning provided by Texas Transportation Code, § 541.201(9).(8) Retail installment contract--Has the meaning provided by Texas Finance Code, § 345.001(6) and refers to one or more instruments entered into that evidence a secured or unsecured retail installment transaction for the sale of goods under Texas Finance Code, Chapter 345.(9) Towable recreational vehicle--Has the meaning provided by Texas Finance Code, § 348.001 (10-a).(c) Contract for covered land vehicles only. For a retail installment contract for the purchase of one or more covered land vehicles, the reasonable maximum amount of the documentary fee is $200.(d) Contract for covered watercraft only. For a retail installment contract for the purchase of one or more covered watercraft, the reasonable maximum amount of the documentary fee is $200.(e) Contract for both covered land vehicles and covered watercraft. For a retail installment contract for the purchase of one or more covered land vehicles and one or more covered watercraft, the reasonable maximum amount of the documentary fee is $250.7 Tex. Admin. Code § 86.201
The provisions of this §86.201 adopted to be effective September 5, 2013, 38 TexReg 5706; Amended by Texas Register, Volume 44, Number 44, November 1, 2019, TexReg 6530, eff. 11/7/2019; Amended by Texas Register, Volume 45, Number 18, May 1, 2020, TexReg 2830, eff. 5/7/2020; Amended by Texas Register, Volume 49, Number 35, August 30, 2024, TexReg 6736, eff. 9/5/2024