Tex. Fin. Code § 347.504 · Subchapter K. CREDITOR'S LIABILITY; PENALTIES
CREDITOR'S LIABILITY FOR ORAL OR UNSOLICITED WRITTEN STATEMENT OF AMOUNT OWED.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
On a credit transaction a creditor is not liable for an oral statement of an amount owed or for a written statement of an amount owed that is not solicited by a debtor unless the statement:
(1) is made with a demand by a creditor that the consumer pay an amount that exceeds the amount authorized by this subtitle; or
(2) is contained in a solicitation to renew or refinance existing debt.
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 6f6fbd4874bf44de86cb6c5536441febe392543aa01f3f17d6d2f3c2ff658fba
- 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.