Bill > SB229

This bill prohibits retail sellers of motor vehicles from imposing certain financial restrictions on buyers when purchasing a vehicle. Specifically, the bill prevents dealerships from raising the sale price of a vehicle when a buyer uses either their own money or financing from an independent third-party lender who is not affiliated with the dealership. Additionally, the law forbids dealerships from preventing buyers from paying for a vehicle using their own funds or third-party financing, and it prohibits sellers from making false or misleading statements that contradict these provisions. The bill will apply only to agreements entered into on or after its effective date of September 1, 2025. The purpose of this legislation appears to be protecting consumers' financial choices by preventing dealerships from imposing punitive measures or creating barriers when buyers seek alternative financing options outside of the dealership's preferred lending channels.

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https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=SB229