reglab/housing_qa huggingface dataset:
TX Fin Code § 345.005 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 345 - Retail Installment Sales|Subchapter A. General Provisions|Section 345.005. Itemized Charge

Sec. 345.005.  ITEMIZED CHARGE.  An amount charged to a retail buyer in a retail installment contract or retail charge agreement is an itemized charge if the amount is not included in the cash price and is the amount of:(1)  fees prescribed by law for filing, recording, or otherwise perfecting, releasing, or satisfying a security interest created in connection with a retail installment transaction or nonfiling insurance premiums as authorized by Section 345.212;(2)  fees for registration or a certificate of title;(3)  any taxes;(4)  fees or charges prescribed by law and connected with the sale or inspection of the goods or services subject to the contract or agreement;(5)  premiums and other charges for insurance authorized by Subchapter E;(6)  official fees for a construction permit or the filing or recording of a construction permit;(7)  a documentary fee authorized under Section 345.251;(8)  in a retail installment transaction involving modernization, rehabilitation, repair, alteration, improvement, or construction of real property, reasonable and necessary costs, including amounts, paid by the holder:(A)  for title insurance or title examination and opinion that does not exceed the amount set by the commissioner of insurance for title insurance for the transaction;(B)  to a person who is not a salaried employee of the holder for an appraisal or inspection or for investigating the credit standing or creditworthiness of the retail buyer; or(C)  to an attorney who is not a salaried employee of the holder as a legal fee for the preparation of documents in connection with the transaction; and(9)  charges for a debt cancellation agreement under Chapter 354.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.Amended by: Acts 2017, 85th Leg., R.S., Ch. 183 (S.B. 1052), Sec. 1, eff. September 1, 2017.|
TX Fin Code § 345.006 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 345 - Retail Installment Sales|Subchapter A. General Provisions|Section 345.006. Time Price Differential Not Interest

Sec. 345.006.  TIME PRICE DIFFERENTIAL NOT INTEREST.  An amount of time price differential is not interest.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.007 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 345 - Retail Installment Sales|Subchapter A. General Provisions|Section 345.007. Applicability of Chapter

Sec. 345.007.  APPLICABILITY OF CHAPTER.  (a)  This chapter applies only to a retail installment transaction.(b)  This chapter does not affect or apply to a loan made or the business of making loans under other law of this state and does not affect a rule of law applicable to a retail installment sale that is not a retail installment transaction.(c)  The provisions of this chapter defining specific rates and amounts of charges and requiring certain credit disclosures to be made control over any contrary law of this state respecting those subjects.(d)  This chapter applies to a retail installment transaction extended to a person who is located in this state at the time the transaction is entered into.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.Amended by: Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 26, eff. September 1, 2019.|
TX Fin Code § 345.008 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 345 - Retail Installment Sales|Subchapter A. General Provisions|Section 345.008. Applicability of Other Statutes to Retail Installment Transaction

Sec. 345.008.  APPLICABILITY OF OTHER STATUTES TO RETAIL INSTALLMENT TRANSACTION.  (a)  A loan or interest statute of this state other than Chapter 303 does not apply to a retail installment transaction.(b)  Except as provided by this chapter, an applicable statute, including Title 1, Business & Commerce Code, or a principle of common law continues to apply to a retail installment transaction unless it is displaced by this chapter.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.009 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 345 - Retail Installment Sales|Subchapter A. General Provisions|Section 345.009. Disclosure Requirements if Conflict With Federal Law

Sec. 345.009.  DISCLOSURE REQUIREMENTS IF CONFLICT WITH FEDERAL LAW.  If a disclosure requirement of this chapter and one of a federal law, including a regulation or an interpretation of law, are inconsistent or conflict, federal law controls and the inconsistent or conflicting disclosures required by this chapter need not be given.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.051 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 345 - Retail Installment Sales|Subchapter B. Retail Installment Contract|Section 345.051. Retail Installment Contract General Requirements

Sec. 345.051.  RETAIL INSTALLMENT CONTRACT GENERAL REQUIREMENTS.  (a)  A retail installment contract must be:(1)  in writing;(2)  dated;(3)  signed by the retail buyer;  and(4)  completed as to all essential provisions, except as provided by Section 345.064.(b)  The contract must be designated "Retail Installment Contract."(c)  The printed or typed part of a retail installment contract, other than instructions for completion, must be in at least eight-point type unless a different size of type is required under this subchapter.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.052 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 345 - Retail Installment Sales|Subchapter B. Retail Installment Contract|Section 345.052. Contents of Contract

Sec. 345.052.  CONTENTS OF CONTRACT.  (a)  A retail installment contract must contain:(1)  the name of the retail seller and the name of the retail buyer;(2)  the place of business of the retail seller;(3)  the residence or other address of the retail buyer as specified by the retail buyer;(4)  the cash price;(5)  the amount of the retail buyer's down payment, specifying the amount paid in money and the amount allowed for goods traded in;  and(6)  each itemized charge.(b)  A charge for insurance authorized under Subchapter E  may be disclosed as provided by that subchapter.(c)  A retail installment contract must reasonably identify the goods sold or services furnished under the contract.  Multiple items of goods or services may be described in a separate writing in detail sufficient to identify them.(d)  The contract must contain substantially the following notice printed or typed in at least 10-point type that is bold-faced, capitalized, or underlined or otherwise conspicuously set out from the surrounding written material:"NOTICE TO THE BUYER.  DO NOT SIGN THIS CONTRACT BEFORE YOU READ IT OR IF IT CONTAINS BLANK SPACES.  YOU ARE ENTITLED TO A COPY OF THE CONTRACT YOU SIGN.  UNDER THE LAW YOU HAVE THE RIGHT TO PAY OFF IN ADVANCE THE FULL AMOUNT DUE AND UNDER CERTAIN CONDITIONS MAY OBTAIN A PARTIAL REFUND OF THE FINANCE CHARGE.  KEEP THIS CONTRACT TO PROTECT YOUR LEGAL RIGHTS."|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.053 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 345 - Retail Installment Sales|Subchapter B. Retail Installment Contract|Section 345.053. Disclosure of Promise to Compensate for Referral

Sec. 345.053.  DISCLOSURE OF PROMISE TO COMPENSATE FOR REFERRAL.  (a)  A written or oral promise of a retail seller to compensate a retail buyer for referring customers or prospective customers to the seller or for referring the seller to customers or prospective customers must be disclosed in a retail installment contract if the promise is:(1)  part of the contract;(2)  made to induce the buyer to become a party to the contract;  or(3)  made incidental to negotiations between the seller and the buyer with respect to the sale of the goods or services that are the subject of the contract.(b)  A contract that contains a provision required by Subsection (a) must provide that the amount owed under the contract at any time is reduced by the amount of compensation owed under the promise.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.054 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 345 - Retail Installment Sales|Subchapter B. Retail Installment Contract|Section 345.054. Time Price Differential for Contract

Sec. 345.054.  TIME PRICE DIFFERENTIAL FOR CONTRACT.  A retail installment contract may provide for:(1)  any amount of time price differential permitted under Section 345.055, 345.056, 345.057, or 345.058;  or(2)  any rate of time price differential not exceeding a yield permitted under Section 345.055, 345.056, 345.057, or 345.058.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.055 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 345 - Retail Installment Sales|Subchapter B. Retail Installment Contract|Section 345.055. Time Price Differential for Contract Payable in Equal Monthly Payments

Sec. 345.055.  TIME PRICE DIFFERENTIAL FOR CONTRACT PAYABLE IN EQUAL MONTHLY PAYMENTS.  (a)  A retail installment contract that is payable in substantially equal monthly payments beginning one month after the date of the contract may provide for a time price differential that does not exceed an add-on charge equal to:(1)  $12 per $100 per year on the part of the principal balance that is less than or equal to the amount computed under Subchapter C, Chapter 341, using the reference amount of $500;(2)  $10 per $100 per year on the part of the principal balance that is more than the amount computed for Subdivision (1) but less than or equal to the amount computed under Subchapter C, Chapter 341, using the reference amount of $1,000;  and(3)  $8 per $100 per year on the part of the principal balance that is more than the amount computed for Subdivision (2).(b)  The time price differential is computed on the original principal balance from the date of the contract until the due date of the final installment, notwithstanding that the balance is payable in installments.(c)  If the retail installment contract is payable for a period that is shorter or longer than a year or is for an amount that is less or greater than $100, the amount of the maximum time price differential computed under this section is decreased or increased proportionately.(d)  For the purpose of a computation under this section, 15 or more days of a month may be considered a full month.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.056 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 345 - Retail Installment Sales|Subchapter B. Retail Installment Contract|Section 345.056. Use of Optional Ceiling

Sec. 345.056.  USE OF OPTIONAL CEILING.  As an alternative to the maximum rate or amount authorized for a time price differential under Section 345.055 or 345.057, a retail installment contract may provide for a rate or amount of time price differential that does not exceed the rate or amount authorized by Chapter 303.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.057 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 345 - Retail Installment Sales|Subchapter B. Retail Installment Contract|Section 345.057. Time Price Differential for Other Contracts

Sec. 345.057.  TIME PRICE DIFFERENTIAL FOR OTHER CONTRACTS.  A retail installment contract that is payable other than in substantially equal successive monthly payments or the first installment of which is not payable one month from the date of the contract may provide for a time price differential that does not exceed an amount that provides the same effective return as if the contract were payable in substantially equal successive monthly installments beginning one month from the date of the contract.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.058 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 345 - Retail Installment Sales|Subchapter B. Retail Installment Contract|Section 345.058. Minimum Time Price Differential for Contract

Sec. 345.058.  MINIMUM TIME PRICE DIFFERENTIAL FOR CONTRACT.  Notwithstanding Section 345.055, 345.056, or 345.057:(1)  a retail installment contract with an initial principal balance of $75 or more may provide for a minimum time price differential that does not exceed $12;(2)  a retail installment contract with an initial principal balance of more than $25 and less than $75 may provide for a minimum time price differential that does not exceed $9;  and(3)  a retail installment contract with an initial principal balance of $25 or less may provide for a minimum time price differential that does not exceed $6.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.059 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 345 - Retail Installment Sales|Subchapter B. Retail Installment Contract|Section 345.059. Principal Balance Computation

Sec. 345.059.  PRINCIPAL BALANCE COMPUTATION.  The principal balance of a retail installment contract is computed by:(1)  adding the cash price subject to the contract and the total of the contract's itemized charges, including a documentary fee authorized under Section 345.251;  and(2)  subtracting the amount of the retail buyer's down payment in money and goods from the amount computed under Subdivision (1).|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.060 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 345 - Retail Installment Sales|Subchapter B. Retail Installment Contract|Section 345.060. Charges for Default in Payment of Installment

Sec. 345.060.  CHARGES FOR DEFAULT IN PAYMENT OF INSTALLMENT.  (a)  A retail installment contract may provide that if an installment remains unpaid after the 10th day after the maturity of the installment the retail seller may collect:(1)  a delinquency charge that is not more than five percent of an installment or $5, whichever is less;  or(2)  interest on the amount of the installment accruing after the maturity of the installment at a rate that does not exceed the maximum rate authorized for the contract.(b)  Only one delinquency charge may be collected under Subsection (a) on an installment regardless of the duration of the default.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.061 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 345 - Retail Installment Sales|Subchapter B. Retail Installment Contract|Section 345.061. Charges for Collecting Debt

Sec. 345.061.  CHARGES FOR COLLECTING DEBT.  A retail installment contract may provide for the payment of:(1)  an attorney's reasonable fees if the contract is referred for collection to an attorney who is not a salaried employee of the holder;  and(2)  court costs and disbursements.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.062 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 345 - Retail Installment Sales|Subchapter B. Retail Installment Contract|Section 345.062. Acceleration of Debt Maturity

Sec. 345.062.  ACCELERATION OF DEBT MATURITY.  A retail installment contract or retail charge agreement may not authorize the holder to accelerate the maturity of all or a part of the amount owed under the contract or agreement unless:(1)  the retail buyer is in default in the performance of any of the buyer's obligations;  or(2)  the holder believes in good faith that the prospect of the buyer's payment or performance is impaired.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.063 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 345 - Retail Installment Sales|Subchapter B. Retail Installment Contract|Section 345.063. Requirements for Contract That Is More Than One Document

Sec. 345.063.  REQUIREMENTS FOR CONTRACT THAT IS MORE THAN ONE DOCUMENT.  (a)  A retail installment contract may be more than one document.(b)  One of the retail installment contract documents must:(1)  provide that it applies to purchases of goods or services to be made by the retail buyer from time to time;  and(2)  be signed by the retail buyer.(c)  For each purchase, the document described by Subsection (b) and a written statement relating to the purchase, including a sales slip or account book, together must set forth all of the information required by this subchapter.  The document described by Subsection (a) and the written statement under this subsection are the retail installment contract.(d)  If the retail seller elects, a written statement described by Subsection (c) satisfies the statement requirements of Section 345.082 for a purchase to which the statement applies.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.064 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 345 - Retail Installment Sales|Subchapter B. Retail Installment Contract|Section 345.064. Completion of Contract

Sec. 345.064.  COMPLETION OF CONTRACT.  (a)  A person may not sign a retail installment contract that contains a blank space for an item that is an essential provision of the transaction.(b)  If delivery of the goods is not made at the time the contract is executed, the identifying numbers or marks of the goods or similar information and the due date of the first installment may be inserted by the retail seller in the seller's counterpart of the contract after the contract has been signed by the retail buyer.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.065 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 345 - Retail Installment Sales|Subchapter B. Retail Installment Contract|Section 345.065. Delivery of Copy of Contract

Sec. 345.065.  DELIVERY OF COPY OF CONTRACT.  The retail seller shall:(1)  deliver to the retail buyer a copy of the retail installment contract as accepted by the retail seller;  or(2)  mail to the retail buyer at the address shown on the contract a copy of the retail installment contract as accepted by the retail seller.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.066 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 345 - Retail Installment Sales|Subchapter B. Retail Installment Contract|Section 345.066. Buyer's Right to Rescind Contract

Sec. 345.066.  BUYER'S RIGHT TO RESCIND CONTRACT.  Until a retail seller complies with Section 345.065, a retail buyer who has not received delivery of the goods or services is entitled to:(1)  rescind the contract;(2)  receive a refund of all payments made under or in contemplation of the contract;  and(3)  receive the return of all goods traded in to the seller under or in contemplation of the contract or, if those goods cannot be returned, receive the trade-in allowance of those goods.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.067 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 345 - Retail Installment Sales|Subchapter B. Retail Installment Contract|Section 345.067. Buyer's Acknowledgment of Delivery of Contract Copy

Sec. 345.067.  BUYER'S ACKNOWLEDGMENT OF DELIVERY OF CONTRACT COPY.  (a)  Any retail buyer's acknowledgment of delivery of a copy of a retail installment contract must:(1)  be in at least 10-point type that is bold-faced, capitalized, or underlined or otherwise conspicuously set out from the surrounding written material;  and(2)  appear directly above the buyer's signature if the acknowledgment is contained in the contract.(b)  Any retail buyer's acknowledgment conforming to this section of the delivery of a copy of the retail installment contract is, in any action or proceeding:(1)  presumptive proof of the delivery of a copy of the contract and compliance with any requirement relating to the completion of the contract before execution of the contract by the buyer;  or(2)  conclusive proof of the delivery of a copy of the contract and compliance with any requirement relating to the completion of the contract before execution of the contract by the buyer if the holder purchased the contract without knowledge to the contrary.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.068 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 345 - Retail Installment Sales|Subchapter B. Retail Installment Contract|Section 345.068. Bailment or Lease as Retail Installment Transaction

Sec. 345.068.  BAILMENT OR LEASE AS RETAIL INSTALLMENT TRANSACTION.  A bailment or lease is a retail installment transaction if the bailee or lessee:(1)  contracts to pay as compensation for the use of goods an amount that substantially equals or exceeds the value of those goods;  and(2)  on full compliance with the bailment or lease is bound to become the owner of the goods or has the option to become the owner of the goods for no or nominal additional consideration.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|