Houston Independent Automobile Dealers Association December 2015 Issue: Year in Review | Page 15

OCCC Workshop

Certificate of Title, Power of Attorney, County of Title Issuance, a receipt for inspection [if charged at time of sale], and any product certificate or signed documentation related to ancillary products like GAP, Service Contracts, Debt Cancellation, Credit Life Insurance, etc.

Eric and Huff also reminded everyone just because it is repossession it is not your car until all paperwork is completed and you retain possession of the collateral until then it is only a default of the buyer.

Finally we were reminded that effective February 1 2015, all Motor Vehicle Sales Finance License applications would only be accepted through ALECS [Application Licensing Examination Compliance System]. In addition to renewing your license you also have the ability of conduct self-service transactions, make payments on-line, review the application process, and more.

There was many other items discussed however if you have any questions please contact the OCCC at (512) 936.7600 or go on-line www.occc.texas.gov