The bill, H.B. No. 4916, amends Section 501.071 of the Transportation Code to streamline the process for motor vehicle dealers regarding title assignments. It introduces a new provision stating that a dealer who has been issued a title in their name, whether by the state of Texas 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 their license issued under Chapter 503.

This change aims to simplify the title transfer process for dealers, potentially reducing administrative burdens and facilitating smoother transactions. The bill is set to 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)
House Committee Report: Transportation Code 501.071 (Transportation Code 501)
Engrossed: Transportation Code 501.071 (Transportation Code 501)