Sec. 2352.103. FINANCING. (a) A manufacturer or distributor may not require a dealer to finance through a particular financing source a new boat or new boat motor sold by the dealer.
(b) A manufacturer or distributor may not require a dealer to act as the manufacturer's or distributor's agent in securing:
(1) a promissory note and security agreement in connection with the sale or purchase of a new boat or new boat motor; or
(2) an insurance policy on the operation of a new boat or new boat motor.
Added by Acts 2001, 77th Leg., ch. 1421, Sec. 5, eff. June 1, 2003.
Amended by:
Acts 2011, 82nd Leg., R.S., Ch. 1148 (H.B. 1960), Sec. 7, eff. September 1, 2011.
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