88R8803 SRA-D     By: West S.B. No. 1464       A BILL TO BE ENTITLED   AN ACT   relating to prohibiting a retail seller of motor vehicles from   imposing certain restrictions on the purchase of a motor vehicle.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Subchapter E, Chapter 348, Finance Code, is   amended by adding Section 348.415 to read as follows:          Sec. 348.415.  RESTRICTIONS ON CASH PURCHASES OR THIRD-PARTY   FINANCING PROHIBITED.  (a)  A retail seller may not increase the   cash price of a motor vehicle for a buyer who purchases a motor   vehicle with:                (1)  the buyer's own money; or                (2)  a loan from a third-party lender.          (b)  A retail seller may not prohibit a prospective buyer   from paying the cash price at the time of sale with:                (1)  the prospective buyer's own money; or                (2)  a loan from a third-party lender.          (c)  A retail seller may not make a false or misleading   representation that is inconsistent with this section.          SECTION 2.  The changes in law made by this Act apply only to   an agreement entered into on or after the effective date of this   Act.          SECTION 3.  This Act takes effect September 1, 2023.