Tex. Fin. Code § 398.055 · Subchapter B. REGULATION AND DISCLOSURE REQUIREMENTS
UNENFORCEABILITY OF CERTAIN CONTRACT PROVISIONS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
A commercial sales-based financing contract that contains a confession of judgment provision or any similar provision is void and unenforceable.
Notes and commentary — not statutory text
History
Added by Acts 2025, 89th Leg., R.S., Ch. 723 (H.B. 700), Sec. 1, eff. September 1, 2025.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/FI/htm/FI.398.htm
- Text hash
- sha256 20648083203d82d500f087e4e2bb4f997b11d3b6dd72d9c03a6cccaf49c9a9c4
- 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.