Tex. Tax Code § 152.0635
This is the official text of Tex. Tax Code § 152.0635, part of Texas’s Tax Code — governs state and local taxation.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§ 152.0635. RECORDS OF CERTAIN SELLERS.
Official statutory text
(a) In addition to the requirements prescribed by Section 152.063, a seller engaged in seller-financed sales who has a permit under Section 152.065 shall keep the records required by this section.
(b) For seller-financed sales, the seller shall keep at the seller's principal office for at least four years from the date on which the seller receives the final payment for the motor vehicle:
(1) the lienholder's copy of the receipt for title application, registration, and motor vehicle tax issued by a county tax assessor-collector; and
(2) a ledger or other document containing a complete record of the payment history for that motor vehicle, including:
(A) the name and address of the purchaser;
(B) the total consideration;
(C) the amount of the down payment received at the time the motor vehicle is sold;
(D) the date and amount of each subsequent payment;
(E) the date of sale; and
(F) the date of any repossession.
(c) For retail sales paid in full at the time of sale, the seller shall keep at the seller's principal office for at least four years from the date of the sale documentation of complete payment in the form of:
(1) a copy of the payment instrument or a receipt for cash received; and
(2) a copy of the receipt for title application, registration, and motor vehicle tax issued by the county tax assessor-collector.
(d) For sales for resale, the seller shall keep at the seller's principal office for at least four years from the date of the sale the purchaser's written statement of resale on a form prescribed by the comptroller.
(e) Section 111.0041 applies to a person required to keep records under this chapter.
(b) For seller-financed sales, the seller shall keep at the seller's principal office for at least four years from the date on which the seller receives the final payment for the motor vehicle:
(1) the lienholder's copy of the receipt for title application, registration, and motor vehicle tax issued by a county tax assessor-collector; and
(2) a ledger or other document containing a complete record of the payment history for that motor vehicle, including:
(A) the name and address of the purchaser;
(B) the total consideration;
(C) the amount of the down payment received at the time the motor vehicle is sold;
(D) the date and amount of each subsequent payment;
(E) the date of sale; and
(F) the date of any repossession.
(c) For retail sales paid in full at the time of sale, the seller shall keep at the seller's principal office for at least four years from the date of the sale documentation of complete payment in the form of:
(1) a copy of the payment instrument or a receipt for cash received; and
(2) a copy of the receipt for title application, registration, and motor vehicle tax issued by the county tax assessor-collector.
(d) For sales for resale, the seller shall keep at the seller's principal office for at least four years from the date of the sale the purchaser's written statement of resale on a form prescribed by the comptroller.
(e) Section 111.0041 applies to a person required to keep records under this chapter.
Status: in_force · Read it on the official government site
Need a lawyer in Texas?
Find a Texas lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.