Business and Commerce; Business Regulation; Motor Vehicles
KP-0289
Texas Attorney General Opinion
A depreciation benefit product purchased solely with cash does not fit the definition of a depreciation benefit optional member program in Occupations Code subsection 1304.003(a)(3) and thus is not regulated by chapter 1304.
Sourced from Texas Attorney General.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.