SECTION 84.101. Purpose and Scope

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(a) Purpose. The purpose of this chapter is to assist in the administration and enforcement of Texas Finance Code, Chapter 348.
(b) Scope. This chapter applies to:
(1) all persons engaged in the business of selling motor vehicles to retail buyers in transactions in which a retail buyer purchases a motor vehicle from a retail seller and agrees with the retail seller to pay part or all of the cash price in one or more deferred installments; and
(2) all persons that acquire or otherwise receive retail installment sales contracts unless specifically exempted from licensing by Texas Finance Code, Chapter 348.

Source Note: The provisions of this §84.101 adopted to be effective May 8, 2008, 33 TexReg 3572

                    
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