Tex. Fin. Code § 348.115 · Subchapter B. RETAIL INSTALLMENT CONTRACT
CHARGE FOR OTHER AMENDMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If the unpaid balance of a retail installment contract is extended, renewed, restated, or rescheduled under this subchapter and Section 348.114 does not apply, the holder may collect an amount computed on the principal balance of the amended contract for the term of the amended contract at the time price differential for a retail installment contract that is applicable after reclassifying the motor vehicle by its model year at the time of the amendment.
(b) The principal balance of the amended contract is computed by:
(1) adding:
(A) the unpaid balance as of the date of amendment;
(B) the cost of any insurance incidental to the amendment;
(C) the amount of each additional necessary official fee; and
(D) the amount of each accrued delinquency or collection charge; and
(2) subtracting from the total computed under Subdivision (1) an amount equal to the prepayment refund credit required by Section 348.120 or 348.121, as applicable.
(c) The provisions of this chapter relating to minimum charges under Section 348.104 and acquisition costs under the refund schedule under Section 348.120 do not apply in computing the principal balance of the amended contract.
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 f9988c6cf312bd364ae9b030bf8c92b78f394c7c48b5a2e179d9e1fd9ca560b6
- 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.
Finance Code
- Tex. Fin. Code § 348.104TIME PRICE DIFFERENTIAL FOR CONTRACT WITH EQUAL MONTHLY SUCCESSIVE PAYMENTS.Printed as Section 348.104
- Tex. Fin. Code § 348.114CHARGES FOR DEFERRING INSTALLMENT.Printed as Section 348.114
- Tex. Fin. Code § 348.120AMOUNT OF REFUND CREDIT FOR MONTHLY INSTALLMENT CONTRACT.Printed as Section 348.120 | Section 348.120 or 348.121
- Tex. Fin. Code § 348.121AMOUNT OF REFUND CREDIT FOR OTHER CONTRACTS.Printed as Section 348.120 or 348.121
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.