Tex. Fin. Code § 348.414 · Subchapter E. HOLDER'S RIGHTS, DUTIES, AND LIMITATIONS
AUTOMOBILE CLUB MEMBERSHIP OFFERED IN CONNECTION WITH RETAIL INSTALLMENT CONTRACT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A retail seller may, at the time a retail installment contract is executed, offer to sell to the retail buyer an automobile club membership.
(b) The retail seller shall give the retail buyer written notice at the time the retail installment contract is executed that the retail buyer:
(1) is not required to purchase the membership as a condition for approval of the contract; and
(2) is entitled to cancel the membership and receive a full refund of the purchase price of the membership before the 31st day after the date the contract is executed.
(c) The retail seller shall notify the retail buyer if the membership includes services that are provided by the manufacturer as part of the motor vehicle purchase.
(d) The amount charged for a membership as authorized by Subsection (a) must be reasonable.
Notes and commentary — not statutory text
History
Added by Acts 2013, 83rd Leg., R.S., Ch. 355 (H.B. 2462), Sec. 2, eff. September 1, 2013.
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 61070802f38b6a4bc07b4e97a37889677e115acd72ada459655e57ea91a9cbe9
- 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.