| (a) An applicant for a vehicle lessor's or vehicle
lease facilitator's license must submit a sufficient application to
the department. To be sufficient, the application must be on a form
prescribed by the department and accompanied by all required supporting
documentation.
(b) The supporting documentation for a vehicle lessor's
license application shall include:
(1) verification of the criminal background of each
owner and officer of the applicant, if applicable;
(2) the fee required by law for each type of license
required;
(3) a copy of each assumed name certificate on file
with the appropriate recording entity, such as the Office of the Secretary
of State or the county clerk;
(4) a sample copy of the vehicle lease agreement between
the vehicle lessor and a lessee;
(5) a sample copy of the required fee disclosure statement
regarding fees paid by the vehicle lessor to a vehicle lease facilitator
for the facilitation of a vehicle lease or a statement that no such
fees were or will be paid;
(6) a list including the business name(s), DBA(s),
and addresses of lease facilitators with whom the applicant conducts
or intends to conduct business; and
(7) a list of other satellite offices that conduct
business in the State of Texas that includes the address, phone number,
and name of the contact person for each location.
(c) The supporting documentation for a vehicle lease
facilitator's license application shall include:
(1) verification of the criminal background of each
owner and officer of the applicant, if applicable;
(2) the fee required by law for each type of license
required;
(3) a copy of each assumed name certificate on file
with the appropriate recording entity, such as the Office of the Secretary
of State or the county clerk;
(4) a sample copy of the vehicle lease agreement between
each of the lessors the lease facilitator represents, and the lessee;
(5) a sample copy of the required fee disclosure statement
regarding fees paid by a vehicle lessor to the vehicle lease facilitator
for the facilitation of a vehicle lease or a statement that no such
fees were or will be paid;
(6) a list of all vehicle lessors, including names
and addresses, for whom any vehicle lease facilitator solicits or
procures a lessee. The vehicle lease facilitator shall update the
list upon renewal of a license and within 10 days of the addition
of any vehicle lessor to this list; and
(7) a copy of the representation agreement between
the vehicle lease facilitators and each lessor.
|
| Source Note: The provisions of this §215.174 adopted to be effective February 11, 2010, 35 TexReg 883; amended to be effective August 2, 2012, 37 TexReg 5637; amended to be effective February 13, 2017, 42 TexReg 571 |
