(a) For each motor vehicle a dealer displays or offers
for retail sale and which the dealer knows has been a salvage motor
vehicle as defined by Transportation Code, §501.091(15) and has
subsequently been titled under Transportation Code, §501.100,
a dealer shall disclose in writing that the motor vehicle has been
repaired, rebuilt, or reconstructed. The written disclosure must:
(1) be visible from outside of the motor vehicle; and
(2) contain lettering that is reasonable in size, stating
as follows: "This motor vehicle has been repaired, rebuilt or, reconstructed
after formerly being titled as a salvage motor vehicle."
(b) Upon the sale of a motor vehicle which has been
a salvage motor vehicle as defined by Transportation Code, §501.091(15)
and subsequently titled under Transportation Code, §501.100,
a dealer shall obtain the purchaser's signature on the vehicle disclosure
form or on an acknowledgement written in fourteen point or larger
font that states as follows: "I, (name of purchaser), acknowledge
that at the time of purchase, I am aware that this vehicle has been
repaired, rebuilt, or reconstructed and was formerly titled as a salvage
motor vehicle."
(c) The purchaser's acknowledgement as required in
subsection (b) of this section may be incorporated in a Buyer's Order,
a Purchase Order, or other disclosure document. This disclosure requires
a separate signature.
(d) An original signed acknowledgement or vehicle disclosure
form required by subsection (b) of this section must be given to the
purchaser and a copy of the signed acknowledgement or vehicle disclosure
form shall be retained by the dealer in the records of motor vehicles
sales required by §215.144 of this title (relating to Vehicle
Records). If the acknowledgement is incorporated in a Buyer's Order,
a Purchase Order, or other disclosure document, a copy of that document
must be given to the purchaser and a copy retained in the dealer's
records in accordance with §215.144.
(e) This section does not apply to a wholesale motor
vehicle auction.
|