Tex. Fin. Code § 345.354 · Subchapter H. OTHER PROVISIONS APPLICABLE TO CONTRACTS AND AGREEMENTS

PROHIBITION ON POWER OF ATTORNEY TO CONFESS JUDGMENT AND ASSIGNMENT OF WAGES.

Verbatim from the official edition

Text — Current through the 89th 2nd Called Legislative Session, 2025

A retail installment contract or retail charge agreement may not contain:

(1) a power of attorney to confess judgment; or

(2) an assignment of wages.

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 12e1c804797e196b7ecc8dfb46bf5587b018f6eabce26df30bcf9e84ce34129f
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.