Tex. Bus. & Com. Code § 601.052 · Subchapter B. CONSUMER'S RIGHT TO CANCEL TRANSACTION
NOTICE OF CONSUMER'S RIGHT TO CANCEL REQUIRED.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A merchant must provide a consumer with a complete receipt or copy of a contract pertaining to the consumer transaction at the time of its execution.
(b) The document provided under Subsection (a) must:
(1) be in the same language as that principally used in the oral sales presentation;
(2) contain the date of the transaction;
(3) contain the name and address of the merchant; and
(4) contain a statement:
(A) in immediate proximity to the space reserved in the contract for the signature of the consumer or on the front page of the receipt if a contract is not used; and
(B) in boldfaced type of a minimum size of 10 points in substantially the following form:
"YOU, THE BUYER, MAY CANCEL THIS TRANSACTION AT ANY TIME PRIOR TO MIDNIGHT OF THE THIRD BUSINESS DAY AFTER THE DATE OF THIS TRANSACTION. SEE THE ATTACHED NOTICE OF CANCELLATION FORM FOR AN EXPLANATION OF THIS RIGHT."
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BC/htm/BC.601.htm
- Text hash
- sha256 a0c6b51aa8972a085c348f2ec30447b283b9de3730cadd756bda7aca36ad14ae
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 3 provisions
Provisions in this library whose text cites Tex. Bus. & Com. Code § 601.052. Each shows the citation as that text prints it.
Business & Commerce Code
- Tex. Bus. & Com. Code § 601.053COMPLETED CANCELLATION FORM REQUIRED.Printed as Section 601.052
- Tex. Bus. & Com. Code § 601.054USE OF FORMS AND NOTICES PRESCRIBED BY THE FEDERAL TRADE COMMISSION AUTHORIZED.Printed as Sections 601.052 and 601.053
- Tex. Bus. & Com. Code § 601.055ALTERNATIVE NOTICE AUTHORIZED FOR CERTAIN CONSUMER TRANSACTIONS.Printed as Sections 601.052 and 601.053
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.