reglab/housing_qa huggingface dataset:
TX Fin Code § 353.007 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 353 - Commercial Motor Vehicle Installment Sales|Subchapter A. General Provisions|Section 353.007. Additional Charges Permitted

Sec. 353.007.   ADDITIONAL CHARGES PERMITTED.  (a)  In addition to the amounts allowed under Sections 353.005 and 353.006, the following amounts may be included as an itemized charge or in the cash price in a retail installment contract for a commercial vehicle:(1)  any fees prescribed by law;(2)  any amounts charged by a titling or registration service relating to the sale;(3)  any other amount agreed to by the retail buyer and retail seller, including amounts payable to the retail seller or another person for the provision of goods or services relating to:(A)  the commercial vehicle;(B)  the sale or use of the commercial vehicle; or(C)  the retail buyer's business in which the commercial vehicle will be used; and(4)  an amount paid to the retail seller or other person as consideration for a debt cancellation agreement.(b)  If a charge for a debt cancellation agreement is included in the contract, the contract and debt cancellation agreement must each conspicuously disclose that the debt cancellation agreement is optional.(c)  Notwithstanding any other law, a charge for a debt cancellation agreement is not a charge for insurance, and the sale, provision, or waiving of a balance owed or other action relating to a debt cancellation agreement is not considered insurance or engaging in the business of insurance.|Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.|
TX Fin Code § 353.008 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 353 - Commercial Motor Vehicle Installment Sales|Subchapter A. General Provisions|Section 353.008. Principal Balance; Inclusion of Documentary Fee

Sec. 353.008.  PRINCIPAL BALANCE; INCLUSION OF DOCUMENTARY FEE.  (a)  The principal balance under a retail installment contract is computed by:(1)  adding:(A)  the cash price of the commercial vehicle;(B)  each amount included in the retail installment contract for an itemized charge; and(C)  subject to Subsection (c), a documentary fee for services rendered for or on behalf of the retail buyer in handling and processing documents relating to the sale of the commercial vehicle; and(2)  subtracting from the results under Subdivision (1) the amount of the retail buyer's down payment in money, goods, or both.(b)  The computation of the principal balance may include an amount authorized under Section 353.402(b).(c)  For a documentary fee to be included in the principal balance of a retail installment contract:(1)  the retail seller must charge the documentary fee to cash buyers and credit buyers; and(2)  the documentary fee may not exceed an amount agreed to in writing by the retail seller and retail buyer.|Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.|
TX Fin Code § 353.009 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 353 - Commercial Motor Vehicle Installment Sales|Subchapter A. General Provisions|Section 353.009. Applicability of Chapter

Sec. 353.009.  APPLICABILITY OF CHAPTER.  (a)  Except as provided by this section, this chapter applies to a retail installment transaction for a commercial vehicle if the retail installment contract states that this chapter applies.(b)  If a retail installment contract does not state that this chapter applies, the transaction is governed by Chapter 348, and this chapter does not apply.(c)  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.(d)  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.|Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.|
TX Fin Code § 353.010 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 353 - Commercial Motor Vehicle Installment Sales|Subchapter A. General Provisions|Section 353.010. Applicability of Other Statutes to Retail Installment Transaction

Sec. 353.010.  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 subject to this chapter.(b)  Except as provided by this chapter, an applicable statute, including Title 1 and Chapter 322, Business & Commerce Code, or a principle of common law continues to apply to a retail installment transaction unless it is displaced by this chapter.|Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.|
TX Fin Code § 353.011 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 353 - Commercial Motor Vehicle Installment Sales|Subchapter A. General Provisions|Section 353.011. Federal Disclosure Requirements

Sec. 353.011.  FEDERAL DISCLOSURE REQUIREMENTS.  If a disclosure requirement of this chapter and one of a federal law, including a regulation or an interpretation of federal law, are inconsistent or conflict, federal law controls and the inconsistent or conflicting disclosures required by this chapter need not be given.|Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.|
TX Fin Code § 353.012 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 353 - Commercial Motor Vehicle Installment Sales|Subchapter A. General Provisions|Section 353.012. Additional Information Allowed in Contract

Sec. 353.012.  ADDITIONAL INFORMATION ALLOWED IN CONTRACT.  Information not required by this chapter may be included in a retail installment contract.|Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.|
TX Fin Code § 353.013 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 353 - Commercial Motor Vehicle Installment Sales|Subchapter A. General Provisions|Section 353.013. Order of Items in Contract

Sec. 353.013.  ORDER OF ITEMS IN CONTRACT.  Items required by this chapter to be in a retail installment contract are not required to be stated in the order set forth in this chapter.|Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.|
TX Fin Code § 353.014 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 353 - Commercial Motor Vehicle Installment Sales|Subchapter A. General Provisions|Section 353.014. Applicability of Insurance Premium Financing Provisions

Sec. 353.014.  APPLICABILITY OF INSURANCE PREMIUM FINANCING PROVISIONS.  Chapter 651, Insurance Code, does not apply to a retail installment transaction.|Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.|
TX Fin Code § 353.016 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 353 - Commercial Motor Vehicle Installment Sales|Subchapter A. General Provisions|Section 353.016. Computation of Time Price Differential Using True Daily Earnings Method

Sec. 353.016.  COMPUTATION OF TIME PRICE DIFFERENTIAL USING TRUE DAILY EARNINGS METHOD.  Under the true daily earnings method, the earned time price differential is computed by multiplying the daily rate of the time price differential by the number of days the actual unpaid principal balance is outstanding.  Under this method:(1)  a payment is credited at the time received, with a payment received before the scheduled installment date resulting in a greater reduction in the unpaid principal balance than otherwise scheduled, and a payment received after the scheduled installment date resulting in less of a reduction in the unpaid principal balance than otherwise scheduled;(2)  a partial payment is applied first to time price differential with any remainder applied to the unpaid principal balance; and(3)  accrued but unpaid time price differential is not:(A)  added to the unpaid principal balance; or(B)  compounded.|Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.|
TX Fin Code § 353.017 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 353 - Commercial Motor Vehicle Installment Sales|Subchapter A. General Provisions|Section 353.017. Transaction Conditioned on Purchase of Vehicle Protection Product Prohibited

Sec. 353.017.  TRANSACTION CONDITIONED ON PURCHASE OF VEHICLE PROTECTION PRODUCT PROHIBITED.  (a)  In this section, "vehicle protection product" has the meaning assigned by Section 17.45, Business & Commerce Code.(b)  A retail seller may not require as a condition of a retail installment transaction or the cash sale of a commercial vehicle that the buyer purchase a vehicle protection product that is not installed on the vehicle at the time of the transaction.(c)  A violation of this section is a false, misleading, or deceptive act or practice within the meaning of Section 17.46, Business & Commerce Code, and is actionable in a public or private suit brought under Subchapter E, Chapter 17, Business & Commerce Code.|Added by Acts 2017, 85th Leg., R.S., Ch. 967 (S.B. 2065), Sec. 1.004, eff. September 1, 2017.|
TX Fin Code § 353.101 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 353 - Commercial Motor Vehicle Installment Sales|Subchapter B. Retail Installment Contract|Section 353.101. Retail Installment Contract General Requirements

Sec. 353.101.  RETAIL INSTALLMENT CONTRACT GENERAL REQUIREMENTS.  (a)  A retail installment contract is required for each retail installment transaction in which the retail buyer is purchasing a commercial vehicle.  A retail installment contract may be more than one document.(b)  A retail installment contract must be:(1)  in writing;(2)  dated;(3)  signed by the retail buyer and retail seller; and(4)  completed as to all essential provisions before it is signed by the retail buyer except as provided by Subsection (d).(c)  The printed 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.(d)  If the commercial vehicle is not delivered when the retail installment contract is executed, the following information may be inserted after the contract is executed:(1)  the identifying numbers or marks of the vehicle or similar information; and(2)  the due date of the first installment.|Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.|
TX Fin Code § 353.102 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 353 - Commercial Motor Vehicle Installment Sales|Subchapter B. Retail Installment Contract|Section 353.102. Contract Conditioned on Subsequent Assignment Prohibited

Sec. 353.102.  CONTRACT CONDITIONED ON SUBSEQUENT ASSIGNMENT PROHIBITED.  (a)  A retail installment contract may not be conditioned on the subsequent assignment of the contract to a holder.(b)  A provision in violation of this section is void.  This subsection does not affect the validity of other provisions of the contract that may be given effect without the voided provision, and to that extent those provisions are severable.(c)  This section does not create a private right of action.(d)  The commissioner has exclusive jurisdiction to enforce this section.|Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.|
TX Fin Code § 353.103 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 353 - Commercial Motor Vehicle Installment Sales|Subchapter B. Retail Installment Contract|Section 353.103. Time Price Differential for Retail Installment Contract

Sec. 353.103.  TIME PRICE DIFFERENTIAL FOR RETAIL INSTALLMENT CONTRACT.  (a)  A retail installment contract may provide for:(1)  any amount of time price differential permitted under Section 353.104, 353.105, or 353.106; or(2)  any rate of time price differential not exceeding a yield permitted under Section 353.104, 353.105, or 353.106.(b)  The time price differential may be computed using the:(1)  precomputed earnings method;(2)  scheduled installment earnings method; or(3)  true daily earnings method.|Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.|
TX Fin Code § 353.104 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 353 - Commercial Motor Vehicle Installment Sales|Subchapter B. Retail Installment Contract|Section 353.104. Time Price Differential for Contract With Equal Monthly Successive Payments

Sec. 353.104.  TIME PRICE DIFFERENTIAL FOR CONTRACT WITH EQUAL MONTHLY SUCCESSIVE PAYMENTS.  (a)  A retail installment contract that is payable in substantially equal successive monthly installments beginning one month after the date of the contract may provide for a time price differential that does not exceed the add-on charge provided by this section.(b)  The add-on charge is $7.50 per $100 per year on the principal balance for a new commercial vehicle, other than a heavy commercial vehicle, designated by the manufacturer by a model year that is not earlier than the year in which the sale is made.(c)  The add-on charge is $10 per $100 per year on the principal balance for:(1)  a new commercial vehicle not covered by Subsection (b);(2)  a used commercial vehicle designated by the manufacturer by a model year that is not more than two years before the year in which the sale is made; or(3)  a new or used heavy commercial vehicle designated by the manufacturer by a model year that is not more than two years before the year in which the sale is made.(d)  The add-on charge is $12.50 per $100 per year on the principal balance for a used commercial vehicle not covered by Subsection (c) that is a commercial vehicle designated by the manufacturer by a model year that is not more than four years before the year in which the sale is made.(e)  For a used commercial vehicle not covered by Subsection (c) or (d), the add-on charge is:(1)  $15 per $100 per year on the principal balance; or(2)  $18 per $100 per year on the principal balance if the principal balance under the retail installment contract does not exceed $300.(f)  The time price differential is computed on the original principal balance under the retail installment contract from the date of the contract until the maturity of the final installment, notwithstanding that the balance is payable in installments.(g)  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.(h)  For the purpose of a computation under this section, 16 or more days of a month may be considered a full month.|Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.|
TX Fin Code § 353.105 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 353 - Commercial Motor Vehicle Installment Sales|Subchapter B. Retail Installment Contract|Section 353.105. Use of Optional Ceiling

Sec. 353.105.  USE OF OPTIONAL CEILING.  As an alternative to the maximum rate or amount authorized for a time price differential under Section 353.104 or 353.106, 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.|Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.|
TX Fin Code § 353.106 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 353 - Commercial Motor Vehicle Installment Sales|Subchapter B. Retail Installment Contract|Section 353.106. Time Price Differential for Other Contracts

Sec. 353.106.  TIME PRICE DIFFERENTIAL FOR OTHER CONTRACTS.  A retail installment contract that is payable other than in substantially equal successive monthly installments 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, having due regard for the schedule of payments, 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.|Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.|
TX Fin Code § 353.107 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 353 - Commercial Motor Vehicle Installment Sales|Subchapter B. Retail Installment Contract|Section 353.107. Charge for Default in Payment of Installment

Sec. 353.107.  CHARGE 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 for a heavy commercial vehicle or after the 15th day after the maturity of the installment for any other commercial vehicle the holder may collect:(1)  a delinquency charge that does not exceed five percent of the amount of the installment; or(2)  interest on the amount of the installment accruing after the maturity of the installment and until the installment is paid in full at a rate that does not exceed the maximum rate authorized for the contract.(b)  A retail installment contract that provides for the true daily earnings method or the scheduled installment earnings method may provide for the delinquency charge authorized by Subsection (a)(1), the interest authorized by Subsection (a)(2), or both.(c)  Only one delinquency charge under Subsection (a)(1) may be collected on an installment under this section regardless of the duration of the default.|Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.|
TX Fin Code § 353.108 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 353 - Commercial Motor Vehicle Installment Sales|Subchapter B. Retail Installment Contract|Section 353.108. Charges for Collecting Debt

Sec. 353.108.  CHARGES FOR COLLECTING DEBT.  A retail installment contract may provide for the payment of:(1)  reasonable attorney's fees if the contract is referred for collection to an attorney who is not a salaried employee of the holder;(2)  court costs and disbursements; and(3)  reasonable out-of-pocket expenses incurred in connection with the repossession or sequestration of the commercial vehicle securing the payment of the contract or foreclosure of a security interest in the vehicle, including the costs of storing, reconditioning, and reselling the vehicle, subject to the standards of good faith and commercial reasonableness set by Title 1, Business & Commerce Code.|Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.|
TX Fin Code § 353.109 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 353 - Commercial Motor Vehicle Installment Sales|Subchapter B. Retail Installment Contract|Section 353.109. Acceleration of Debt Maturity

Sec. 353.109.  ACCELERATION OF DEBT MATURITY.  A retail installment contract may not authorize the holder to accelerate the maturity of all or a part of the amount owed under the contract unless:(1)  the retail buyer is in default in the performance of any of the buyer's obligations;(2)  the holder believes in good faith that the prospect of the buyer's payment or performance is impaired; or(3)  the retail buyer or an affiliate of the retail buyer is in default in its obligations under another financing agreement or leasing agreement held by the same holder or an affiliate of the holder.|Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.|
TX Fin Code § 353.110 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 353 - Commercial Motor Vehicle Installment Sales|Subchapter B. Retail Installment Contract|Section 353.110. Delivery of Copy of Contract

Sec. 353.110.  DELIVERY OF COPY OF CONTRACT.  A 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 retail installment contract a copy of the retail installment contract as accepted by the retail seller.|Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.|
TX Fin Code § 353.111 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 353 - Commercial Motor Vehicle Installment Sales|Subchapter B. Retail Installment Contract|Section 353.111. Buyer's Right to Rescind Contract

Sec. 353.111.  BUYER'S RIGHT TO RESCIND CONTRACT.  Until the retail seller complies with Section 353.110, a retail buyer who has not received delivery of the commercial vehicle 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 retail seller under or in contemplation of the contract or, if those goods cannot be returned, to receive the value of those goods.|Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.|