| (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 a
regular title subsequently issued under Transportation Code, §501.100,
a dealer shall disclose in writing that the motor vehicle has been
repaired, rebuilt, or reconstructed and issued a title under Transportation
Code, §501.100. 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 a regular title subsequently issued under Transportation Code, §501.100,
a dealer shall obtain the purchaser's signature on the vehicle disclosure
form or on an acknowledgement written in eleven 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 does
not require a separate signature.
(d) An original signed acknowledgement required by
subsection (b) of this section or a signed vehicle disclosure form
shall 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 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.
|
