| (a) A person must hold a salvage vehicle dealer license,
or an independent motor vehicle dealer's general distinguishing number
issued under Chapter 503; Transportation Code to:
(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.
(b) A person may not engage in the business of buying,
selling or exchanging motor vehicles that can be titled or registered
to operate on public highways, including selling a salvage motor vehicle
that has been rebuilt, repaired or reconstructed, unless the person
holds a general distinguishing number issued by the department under
Transportation Code, Chapter 503.
(c) The provisions of this subchapter do not apply
to a person exempt from licensure under Occupations Code, Chapter
2302.
|
| Source Note: The provisions of this §221.11 adopted to be effective December 9, 2015, 40 TexReg 8802; amended to be effective January 2, 2020, 44 TexReg 8339; amended to be effective June 1, 2024, 49 TexReg 2760 |
