Tex. Bus. & Com. Code § 601.153 · Subchapter D. PROHIBITED ACTS AND CONDUCT BY MERCHANT
TRANSFER OF INDEBTEDNESS DURING CERTAIN PERIOD.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
A merchant may not negotiate, transfer, sell, or assign a note or other evidence of indebtedness to a finance company or other third party before midnight of the fifth business day after the date the contract pertaining to a consumer transaction was signed or the goods or services were purchased.
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 062930f69f40e51795512502b1ebabe9e3c2062a72ec993f3ae63ec42ea38d85
- 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
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.