Tex. Fin. Code § 353.407 · Subchapter E. HOLDER'S RIGHTS, DUTIES, AND LIMITATIONS

PROHIBITION ON POWER OF ATTORNEY TO CONFESS JUDGMENT OR ASSIGNMENT OF WAGES.

Verbatim from the official edition

Text — Current through the 89th 2nd Called Legislative Session, 2025

A retail installment contract may not contain:

(1) a power of attorney to confess judgment in this state; or

(2) an assignment of wages.

Notes and commentary — not statutory text

History

Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.

Source of truth

Edition: Current through the 89th 2nd Called Legislative Session, 2025
Official file: https://statutes.capitol.texas.gov/Docs/FI/htm/FI.353.htm
Text hash: sha256 aa41f99d27b654413c11884d9e9aebd908ea2a2ee2db4e652eef998079caba29
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.