Tex. Fin. Code § 347.503 · Subchapter K. CREDITOR'S LIABILITY; PENALTIES
CREDITOR'S LIABILITY FOR ERROR IN PAY-OFF QUOTATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
Notwithstanding Chapter 349, a creditor that responds to a consumer's request for a pay-off quotation under this chapter by delivering to the consumer a written statement indicating that the consumer owes a total amount on the credit transaction that exceeds the amount authorized by this chapter is liable to the consumer under Section 349.003.
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.347.htm
- Text hash
- sha256 490a36f4dfd87a91e603e618330634d0bc79d91e6ca421c2a7fea2ae26857f5f
- 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
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