Tex. Fin. Code § 345.069 · Subchapter B. RETAIL INSTALLMENT CONTRACT
DEFERMENT OF INSTALLMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A holder of a retail installment contract, on request of the retail buyer, may agree to defer the scheduled due date of all or part of one or more installments.
(b) A holder may collect from the retail buyer for deferment of an installment:
(1) a charge that is a part of the time price differential and computed on the amount deferred for the period of deferment at the monthly rate of 15 cents for each $10; and
(2) the amount of the additional cost to the holder for:
(A) premiums for continuing in force any insurance provided for by the contract; and
(B) additional necessary official fees.
(c) The minimum charge under Subsection (b)(1) is $1.
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.345.htm
- Text hash
- sha256 718a8469978f1546f511eb85fa4d1ecf6611645c5390cee8218b340f75877d34
- 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.