7 Tex. Admin. Code § 86.201 - Documentary Fee
(a) Purpose. The purpose of this section is to specify the maximum documentary fee in a retail installment transaction for the sale of a motorcycle, moped, all-terrain vehicle, boat, boat motor, boat trailer, or towable recreational vehicle, as provided by Texas Finance Code, §
345.251.
(b) Definitions.
(1) All-terrain vehicle--Has the meaning provided by Texas Transportation Code, §
551A.001(1).
(2) Boat--A vessel, as described by Texas Parks and Wildlife Code, §
31.003(2).
(3) Boat motor--An outboard motor, as described by Texas Parks and Wildlife Code, §
31.003(13).
(4) Covered land vehicle--A motorcycle, moped, all-terrain vehicle, boat trailer, or towable recreational vehicle.
(5) Covered watercraft--A boat or boat motor.
(6) Moped--Has the meaning provided by Texas Transportation Code, §
541.201(8).
(7) Motorcycle--Has the meaning provided by Texas Transportation Code, §
541.201(9).
(8) Retail installment contract--Has the meaning provided by Texas Finance Code, §
345.001(6) and refers to one or more instruments entered into that evidence a secured or unsecured retail installment transaction for the sale of goods under Texas Finance Code, Chapter 345.
(9) Towable recreational vehicle--Has the meaning provided by Texas Finance Code, §
348.001 (10-a).
(c) Contract for covered land vehicles only. For a retail installment contract for the purchase of one or more covered land vehicles, the reasonable maximum amount of the documentary fee is $200.
(d) Contract for covered watercraft only. For a retail installment contract for the purchase of one or more covered watercraft, the reasonable maximum amount of the documentary fee is $200.
(e) Contract for both covered land vehicles and covered watercraft. For a retail installment contract for the purchase of one or more covered land vehicles and one or more covered watercraft, the reasonable maximum amount of the documentary fee is $250.
Notes
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