Tex. Bus. & Com. Code § 604.052 · Subchapter B. PERMISSIBLE FEES
FEES OR CHARGES THAT DECREASE UNREDEEMED BALANCE OF CARD.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
The issuer of a stored value card may impose or collect a periodic fee or other charge that causes the unredeemed balance of the card to decrease over time only if the fee:
(1) is reasonable;
(2) is not assessed until after the first anniversary of the date the card is sold or issued; and
(3) is disclosed as required by Subchapter C.
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.604.htm
- Text hash
- sha256 8217d700733a3b34565ad00514e11e97ab00fc89bfde75468a96d2904a3d25ce
- 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.