Tex. Fin. Code § 393.304 · Subchapter D. PROHIBITIONS AND RESTRICTIONS
FALSE OR MISLEADING REPRESENTATION OR STATEMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A credit services organization or a representative of the organization may not:
(1) make or use a false or misleading representation in the offer or sale of the services of the organization, including:
(A) guaranteeing to "erase bad credit" or words to that effect unless the representation clearly discloses this can be done only if the credit history is inaccurate or obsolete; and
(B) guaranteeing an extension of consumer credit regardless of the person's credit history unless the representation clearly discloses the eligibility requirements for obtaining the extension; or
(2) make, or advise a consumer to make, a statement relating to a consumer's credit worthiness, credit standing, or credit capacity that the person knows, or should know by the exercise of reasonable care, to be false or misleading to a:
(A) consumer reporting agency; or
(B) person who has extended consumer credit to a consumer or to whom a consumer is applying for an extension of consumer credit.
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.393.htm
- Text hash
- sha256 7c90cc196875d93ca2f0fab60065ca7a1164d3c05e1bc9dab4a46d1a4ede87fc
- 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.