Tex. Fin. Code § 348.108 · Subchapter B. RETAIL INSTALLMENT CONTRACT
CHARGES FOR COLLECTING DEBT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A retail installment contract may provide for the payment of:
(1) reasonable attorney's fees if the contract is referred for collection to an attorney who is not a salaried employee of the holder;
(2) court costs and disbursements; and
(3) reasonable out-of-pocket expenses incurred in connection with the repossession or sequestration of the motor vehicle securing the payment of the contract or foreclosure of a security interest in the vehicle, including the costs of storing, reconditioning, and reselling the vehicle, subject to the standards of good faith and commercial reasonableness set by Title 1, Business & Commerce Code.
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.348.htm
- Text hash
- sha256 1ebaa2fda98b4c0a38720ebd10761205f10f2ac1baeda62082e94c56c7245e19
- 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
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Business & Commerce Code
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.