Tex. Fin. Code § 345.070 · Subchapter B. RETAIL INSTALLMENT CONTRACT
AMENDMENT OF CONTRACT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) On request of the retail buyer, the holder of a retail installment contract may:
(1) amend the contract to renew, restate, or reschedule the unpaid balance of the contract; and
(2) collect an amount computed on the principal balance of the amended contract for the term of the amended contract at the applicable rate under Section 345.055, 345.056, 345.057, or 345.058.
(b) The principal balance of the amended contract is computed by:
(1) adding:
(A) the amount of the unpaid balance on the date of the amendment;
(B) the cost of insurance;
(C) the amount of each additional necessary official fee; and
(D) the amount of each accrued delinquency charge; and
(2) subtracting from the total computed under Subdivision (1) an amount equal to the minimum refund credit that would be required under Section 345.075 or 345.076 for prepayment in full on the date of the amendment.
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 fd3b7d42a899011be65a8032a11ed93a6849464687e71422087836c5a060498d
- 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.
Finance Code
- Tex. Fin. Code § 345.055TIME PRICE DIFFERENTIAL FOR CONTRACT PAYABLE IN EQUAL MONTHLY PAYMENTS.Printed as Section 345.055, 345.056, 345.057, or 345.058
- Tex. Fin. Code § 345.056USE OF OPTIONAL CEILING.Printed as Section 345.055, 345.056, 345.057, or 345.058
- Tex. Fin. Code § 345.057TIME PRICE DIFFERENTIAL FOR OTHER CONTRACTS.Printed as Section 345.055, 345.056, 345.057, or 345.058
- Tex. Fin. Code § 345.058MINIMUM TIME PRICE DIFFERENTIAL FOR CONTRACT.Printed as Section 345.055, 345.056, 345.057, or 345.058
- Tex. Fin. Code § 345.075AMOUNT OF REFUND CREDIT FOR MONTHLY INSTALLMENT CONTRACT.Printed as Section 345.075 or 345.076
- Tex. Fin. Code § 345.076AMOUNT OF REFUND CREDIT FOR OTHER CONTRACTS.Printed as Section 345.075 or 345.076
Cited by 2 provisions
Provisions in this library whose text cites Tex. Fin. Code § 345.070. Each shows the citation as that text prints it.
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.