Tex. Fin. Code § 348.102 · Subchapter B. RETAIL INSTALLMENT CONTRACT
CONTENTS OF CONTRACT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A retail installment contract must contain:
(1) the name of the retail seller and the name of the retail buyer;
(2) the place of business or address of the retail seller;
(3) the residence or other address of the retail buyer as specified by the retail buyer;
(4) a description of the motor vehicle being sold;
(5) the cash price of the retail installment transaction;
(6) the amount of any down payment by the retail buyer, specifying the amounts paid in money and in goods traded in; and
(7) each itemized charge.
(b) A charge for insurance, a service contract, or a warranty authorized by Subchapter C may be disclosed as provided by that subchapter.
(c) A retail installment contract that provides for a variable contract rate must set out the method by which the rate is computed.
(d) The contract must contain substantially the following notice in at least 10-point type that is bold-faced, capitalized, or underlined or otherwise conspicuously set out from the surrounding written material:
"NOTICE TO THE BUYER--DO NOT SIGN THIS CONTRACT BEFORE YOU READ IT OR IF IT CONTAINS ANY BLANK SPACES. YOU ARE ENTITLED TO A COPY OF THE CONTRACT YOU SIGN. UNDER THE LAW YOU HAVE THE RIGHT TO PAY OFF IN ADVANCE THE FULL AMOUNT DUE AND UNDER CERTAIN CONDITIONS MAY OBTAIN A PARTIAL REFUND OF THE FINANCE CHARGE. KEEP THIS CONTRACT TO PROTECT YOUR LEGAL RIGHTS."
Notes and commentary — not statutory text
History
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 238 (S.B. 1965), Sec. 8, 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 1d4908f3136a1390523f24e977f25211d063fa87ee232164fd6fa12ca3c7f438
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Fin. Code § 348.102. Each shows the citation as that text prints it.
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.