Tex. Fin. Code § 339.003 · Chapter 339. MISCELLANEOUS PROVISIONS RELATING TO INTEREST
SALE OF OPEN-END ACCOUNT WITHOUT MERCHANT DISCOUNT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A seller or lessor may sell an open-end account credit agreement described by Section 339.002(a) or any balance under that agreement to a purchaser who purchases a substantial part of the seller's or lessor's open-end account credit agreements or balances under those agreements in accordance with Subchapter G, Chapter 345. A charge, fee, or discount on that sale:
(1) is not a merchant discount;
(2) does not disqualify the open-end account credit agreement or a balance under that agreement from being subject to Chapter 303 or from coverage under this section; and
(3) does not subject the account to the limitations provided by Section 303.006(c).
Notes and commentary — not statutory text
History
Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.339.htm
- Text hash
- sha256 76b1f28443edd20a03c1c8987807237fb09d75a469ba961624e089b95c455b10
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
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.