Texas SB229 prohibits retail sellers from increasing vehicle prices or restricting payments for buyers using personal funds or third-party loans.

Texas SB229 amends the Finance Code to prohibit retail sellers from increasing the sale price of a motor vehicle for buyers using their own money or third-party loans. It also prevents sellers from prohibiting buyers from paying the sale price with personal funds or third-party loans. The law prohibits sellers from making false or misleading representations about these restrictions. These changes apply to agreements entered into after the act's effective date of September 1, 2025.

Texas SB229 prohibits retail sellers from increasing vehicle prices or restricting payments for buyers using personal funds or third-party loans.

Texas SB229 amends the Finance Code to prohibit retail sellers from increasing the sale price of a motor vehicle for buyers using their own money or third-party loans. It also prevents sellers from prohibiting buyers from paying the sale price with personal funds or third-party loans. The law prohibits sellers from making false or misleading representations about these restrictions. These changes apply to agreements entered into after the act's effective date of September 1, 2025.