The bill, H.B. No. 4916, amends Section 501.071 of the Transportation Code to introduce a new provision regarding the assignment of motor vehicle titles by dealers. Specifically, it adds Subsection (c), which states that a dealer who has been issued a title in their name by the state or another jurisdiction is not required to make an assignment to themselves before selling the vehicle, as long as the dealer's name on the title matches the name on the license issued under Chapter 503.

This change aims to streamline the process for vehicle dealers, allowing them to sell vehicles more efficiently without the need for additional paperwork if their title and license information are consistent. The bill will take effect immediately upon receiving a two-thirds vote from both houses of the legislature; otherwise, it will become effective on September 1, 2025.

Statutes affected:
Introduced: Transportation Code 501.071 (Transportation Code 501)