Tex. Bus. & Com. Code § 601.154 · Subchapter D. PROHIBITED ACTS AND CONDUCT BY MERCHANT
FAILURE TO TAKE CERTAIN ACTIONS FOLLOWING RECEIPT OF NOTICE OF CANCELLATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A merchant may not:
(1) fail to notify the consumer before the end of the 10th business day after the date the merchant receives the notice of cancellation whether the merchant intends to repossess or abandon any shipped or delivered goods;
(2) fail or refuse to honor a valid cancellation under this chapter by a consumer; or
(3) fail before the end of the 10th business day after the date the merchant receives a valid notice of cancellation to:
(A) refund all payments made under the contract or sale;
(B) return any goods or property traded in to the merchant in substantially the same condition as when received by the merchant;
(C) cancel and return a negotiable instrument executed by the consumer in connection with the contract of sale;
(D) take any action appropriate to terminate promptly any security interest created in the transaction; or
(E) restore improvements on real property to the same condition as when the merchant took title to or possession of the real property unless the consumer requests otherwise.
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 dbc0b22dd43ab56465c12e79202b87756e1c8be5dd2cb09791bced5f9e3ece03
- 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.