Tex. Fin. Code § 345.078 · Subchapter B. RETAIL INSTALLMENT CONTRACT
CONSOLIDATION OF CONTRACTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If a retail buyer purchases goods or services in a retail installment transaction from a retail seller from whom the buyer has previously purchased goods or services under one or more retail installment contracts and the amounts under those contracts have not been paid in full, the seller may consolidate the subsequent purchase with one or more of the contracts.
(b) If a purchase is consolidated with a retail installment contract under this section, the retail seller may prepare a written memorandum of the subsequent purchase instead of executing a retail installment contract for the purchase. Sections 345.051, 345.052, 345.053, 345.065, 345.066, and 345.067 do not apply to the memorandum. The seller shall deliver a copy of the memorandum to the retail buyer before the date on which the first installment under the consolidated contract is due.
(c) Each subsequent purchase that is consolidated with a retail installment contract is a separate retail installment contract under this chapter. The provisions of this chapter relating to a retail installment contract apply to the subsequent purchase except as provided by Subsection (b).
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 93686f5f46b041e2b86f64d2da930188d91cbfc78697b8aadbf5cf8512961921
- 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 § 345.051RETAIL INSTALLMENT CONTRACT GENERAL REQUIREMENTS.Printed as Sections 345.051, 345.052, 345.053, 345.065, 345.066, and 345.067
- Tex. Fin. Code § 345.052CONTENTS OF CONTRACT.Printed as Sections 345.051, 345.052, 345.053, 345.065, 345.066, and 345.067
- Tex. Fin. Code § 345.053DISCLOSURE OF PROMISE TO COMPENSATE FOR REFERRAL.Printed as Sections 345.051, 345.052, 345.053, 345.065, 345.066, and 345.067
- Tex. Fin. Code § 345.065DELIVERY OF COPY OF CONTRACT.Printed as Sections 345.051, 345.052, 345.053, 345.065, 345.066, and 345.067
- Tex. Fin. Code § 345.066BUYER'S RIGHT TO RESCIND CONTRACT.Printed as Sections 345.051, 345.052, 345.053, 345.065, 345.066, and 345.067
- Tex. Fin. Code § 345.067BUYER'S ACKNOWLEDGMENT OF DELIVERY OF CONTRACT COPY.Printed as Sections 345.051, 345.052, 345.053, 345.065, 345.066, and 345.067
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.