By: West, et al. 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 MOTOR VEHICLE PURCHASES   FUNDED OR FINANCED USING PROSPECTIVE BUYER'S OWN MONEY OR   THIRD-PARTY FINANCING PROHIBITED.  (a)  A retail seller may not   increase the sale price of a motor vehicle for a prospective buyer   who purchases a motor vehicle with:                (1)  the prospective buyer's own money; or                (2)  a loan from a third-party lender who is neither the   retail seller nor affiliated with the retail seller.          (b)  A retail seller may not prohibit a prospective buyer   from paying the sale price at the time of sale with:                (1)  the prospective buyer's own money; or                (2)  a loan from a third-party lender who is neither the   retail seller nor affiliated with the retail seller.          (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.