| (a) A license holder may not make more than five (5)
casual sales of salvage motor vehicles or nonrepairable motor vehicles
during a calendar year to the same person.
(b) A license holder must maintain records of each
casual sale made in accordance with §217.88 of this title (relating
to Sale, Transfer, or Release of Ownership of a Nonrepairable or Salvage
Motor Vehicle).
(c) A person who purchases a salvage motor vehicle
or a nonrepairable motor vehicle through a casual sale may not sell
that salvage motor vehicle or nonrepairable motor vehicle until the
salvage vehicle title, salvage record or title, nonrepairable vehicle
title or nonrepairable record of title, as applicable, is in the person's
name.
|
| Source Note: The provisions of this §221.53 adopted to be effective December 9, 2015, 40 TexReg 8802; amended to be effective July 2, 2017, 42 TexReg 3281; amended to be effective June 1, 2024, 49 TexReg 2760 |
