- (a) A manufacturer or distributor may not require a dealer to finance through a particular financing source a new boat or new boat motor sold by the dealer.
(b) A manufacturer or distributor may not require a dealer to act as the manufacturer's or distributor's agent in securing:
- (1) a promissory note and security agreement in connection with the sale or purchase of a new boat or new boat motor; or
- (2) an insurance policy on the operation of a new boat or new boat motor.
Added by Acts 2001, 77th Leg., ch. 1421, Sec. 5, eff. June 1, 2003.
Acts 2011, 82nd Leg., R.S., Ch. 1148 (H.B. 1960), Sec. 7, eff. September 1, 2011.