TITLE: Relating to the regulation of salvage vehicle dealers.

SUMMARY: Relating to the regulation of salvage vehicle dealers.

FULL TEXT:
AN ACT relating to the regulation of salvage vehicle dealers. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 2302.101, Occupations Code, is amended to read as follows: Sec. 2302.101. LICENSE REQUIRED FOR SALVAGE VEHICLE DEALER. Unless a person holds a salvage vehicle dealer license issued under this chapter or an independent motor vehicle dealer's general distinguishing number issued under Chapter 503, Transportation Code,the person may not: (1) act as a salvage vehicle dealer or rebuilder; or (2) store or display a motor vehicle as an agent or escrow agent of an insurance company. SECTION 2. This Act takes effect September 1, 2019.