Tex. Fin. Code § 348.1015 · Subchapter B. RETAIL INSTALLMENT CONTRACT
CONTRACT CONDITIONED ON SUBSEQUENT ASSIGNMENT PROHIBITED.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A retail installment contract may not be conditioned on the subsequent assignment of the contract to a holder.
(b) A provision in violation of this section is void. This subsection does not affect the validity of other provisions of the contract that may be given effect without the voided provision, and to that extent those provisions are severable.
(c) This section does not create a private right of action.
(d) The commissioner has exclusive jurisdiction to enforce this section.
Notes and commentary — not statutory text
History
Added by Acts 2009, 81st Leg., R.S., Ch. 683 (H.B. 2556), Sec. 2, eff. September 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.348.htm
- Text hash
- sha256 a05113be3653e2181dfef07d9d2343ea20345ed827c663507380b99c8722e7e8
- 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.