reglab/housing_qa huggingface dataset:
TX Fin Code § 345.215 (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 E. Insurance|Section 345.215. Effect of Adding Premium to Contract or Agreement

Sec. 345.215.  EFFECT OF ADDING PREMIUM TO CONTRACT OR AGREEMENT.  (a)  If a premium is added to the unpaid balance of a retail installment contract under Section 345.206 or 345.214, the rate of time price differential agreed to in the retail installment contract remains in effect and shall be applied to the new unpaid balance or the contract may be rescheduled in accordance with Section 345.070.(b)  If a premium is added under a retail charge agreement, the premium shall be added to the unpaid balance under the agreement.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.251 (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 F. Special Fees and Finance Rates|Section 345.251. Documentary Fee for Certain Vehicles

Sec. 345.251.  DOCUMENTARY FEE FOR CERTAIN VEHICLES.  (a)  A retail seller may charge a documentary fee for services rendered to, for, or on behalf of a retail buyer in handling and processing documents relating to the sale of a motorcycle, moped, all-terrain vehicle, boat, boat motor, boat trailer, or towable recreational vehicle.(b)  If a documentary fee is charged under this section the fee:(1)  must be charged to cash buyers and credit buyers;(2)  may not exceed a reasonable amount agreed to by the retail seller and retail buyer for the documentary services, subject to a reasonable maximum amount set by rule by the finance commission; and(3)  must be disclosed on the buyer's order or retail installment contract as a separate itemized charge.(c)  A preliminary work sheet on which a sale price is computed and that is shown to the retail buyer, an order from the buyer, or a retail installment contract must include in reasonable proximity to the place on the document where the documentary fee is disclosed:(1)  the amount of the fee; and(2)  the following notice in type that is bold-faced, capitalized, or underlined or otherwise conspicuously set out from the surrounding written material:"A DOCUMENTARY FEE IS NOT AN OFFICIAL FEE.  A DOCUMENTARY FEE IS NOT REQUIRED BY LAW, BUT MAY BE CHARGED TO BUYERS FOR HANDLING DOCUMENTS RELATING TO THE SALE.  A DOCUMENTARY FEE MAY NOT EXCEED A REASONABLE AMOUNT AGREED TO BY THE PARTIES THAT IS NOT MORE THAN THE MAXIMUM AMOUNT ALLOWED BY THE STATE.  THIS NOTICE IS REQUIRED BY LAW."(d)  If the language primarily used in an oral sales presentation is not the same as the language in which the retail installment contract is written, the retail seller shall furnish to the retail buyer a written statement containing the notice set out in Subsection (c) in the language primarily used in the oral sales presentation.(e)  The finance commission may adopt rules necessary to implement and enforce this section.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.Amended by: Acts 2013, 83rd Leg., R.S., Ch. 43 (S.B. 1248), Sec. 1, eff. September 1, 2013.Acts 2019, 86th Leg., R.S., Ch. 882 (H.B. 3171), Sec. 2.01, eff. September 1, 2019.|
TX Fin Code § 345.252 (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 F. Special Fees and Finance Rates|Section 345.252. Time Price Differential for Certain Prepaid Funeral Benefits

Sec. 345.252.  TIME PRICE DIFFERENTIAL FOR CERTAIN PREPAID FUNERAL BENEFITS.  Prepaid funeral benefits regulated under Chapter 154 may be financed only at rates authorized by Chapter 303.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.253 (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 F. Special Fees and Finance Rates|Section 345.253. Time Price Differential for Medical and Dental Services

Sec. 345.253.  TIME PRICE DIFFERENTIAL FOR MEDICAL AND DENTAL SERVICES.  Medical or dental services may be financed only at rates authorized by Chapter 303.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.301 (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 G. Acquisition of Contract, Agreement, or Balance|Section 345.301. Authority to Acquire

Sec. 345.301.  AUTHORITY TO ACQUIRE.  Notwithstanding any other law, a person may acquire a retail installment contract or retail charge agreement or an outstanding balance under a contract or agreement from another person on the terms, including the price, to which they agree.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.302 (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 G. Acquisition of Contract, Agreement, or Balance|Section 345.302. Lack of Notice Does Not Affect Validity as to Certain Creditors

Sec. 345.302.  LACK OF NOTICE DOES NOT AFFECT VALIDITY AS TO CERTAIN CREDITORS.  Notice to a retail buyer of an assignment or negotiation of a retail installment contract or retail charge agreement or an outstanding balance under a contract or agreement or a requirement that the retail seller be deprived of dominion over payments on a contract or agreement or over the goods if returned to or repossessed by the seller is not necessary for a written assignment or negotiation of the contract or agreement or an outstanding balance under the contract or agreement to be valid as against a creditor, subsequent purchaser, pledgee, mortgagee, or lien claimant of the seller.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.303 (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 G. Acquisition of Contract, Agreement, or Balance|Section 345.303. Payment by Buyer

Sec. 345.303.  PAYMENT BY BUYER.  Unless a retail buyer has notice of the assignment or negotiation of the buyer's retail installment contract or retail charge agreement or an outstanding balance under the contract or agreement, a payment by the buyer to the holder last known to the buyer is binding on all subsequent holders.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.304 (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 G. Acquisition of Contract, Agreement, or Balance|Section 345.304. Preservation of Buyer's Right of Action or Defense

Sec. 345.304.  PRESERVATION OF BUYER'S RIGHT OF ACTION OR DEFENSE.  (a)  A right of action or defense of a retail buyer arising out of a retail installment transaction is not affected by the negotiation of the retail installment contract or retail charge agreement to a third party except as authorized by other law and the third party:(1)  acquires the contract relying in good faith on a certificate of completion or certificate of satisfaction, if required by Section 345.081;(2)  gives notice of the negotiation to the buyer under Subsection (b);  and(3)  does not receive from the buyer, before the 31st day after the day on which that notice is mailed, written notice of a fact that gives rise to a claim or defense of the buyer.(b)  A notice of negotiation must:(1)  be in writing addressed to the retail buyer at the address shown on the contract;(2)  identify the contract;(3)  state the names and addresses of the retail seller and retail buyer;(4)  describe the goods or services;(5)  state the time balance and a description of the payment schedule;  and(6)  contain the following warning in at least 10-point type that is bold-faced, capitalized, or underlined or otherwise conspicuously set out from the surrounding written material:ARE THE TERMS OF THE CONTRACT DESCRIBED ABOVE CORRECT AND ARE YOU SATISFIED WITH THE GOODS OR SERVICES FURNISHED?  IF NOT, YOU SHOULD NOTIFY US GIVING DETAILS WITHIN 30 DAYS FROM THE DATE THE ABOVE NOTICE WAS MAILED.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.351 (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 H. Other Provisions Applicable to Contracts and Agreements|Section 345.351. Registration of Holder

Sec. 345.351.  REGISTRATION OF HOLDER.  (a)  A holder who is not an authorized lender under Chapter 342 or a credit union shall:(1)  register with the Office of Consumer Credit Commissioner; and(2)  pay a fee of $10 for each location at which a retail installment transaction is originated, serviced, or collected.(b)  Subject to Section 14.112, the finance commission by rule may establish procedures to facilitate the registration and collection of fees under this section.(c)  A registration issued under this section is valid for the period prescribed by finance commission rule adopted under Section 14.112.(d)  The commissioner may refuse to renew the registration of a holder who fails to comply with an order issued by the commissioner to enforce this chapter.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 2001, 77th Leg., ch. 867, Sec. 96, eff. Sept. 1, 2001.Amended by: Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 28, eff. September 1, 2019.|
TX Fin Code § 345.352 (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 H. Other Provisions Applicable to Contracts and Agreements|Section 345.352. Seller's Promise to Pay or Tender of Cash to Buyer as Part of Transaction

Sec. 345.352.  SELLER'S PROMISE TO PAY OR TENDER OF CASH TO BUYER AS PART OF TRANSACTION.  A retail seller may not promise to pay, pay, or otherwise tender cash to a retail buyer as a part of a transaction under this chapter unless specifically authorized by this chapter.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.353 (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 H. Other Provisions Applicable to Contracts and Agreements|Section 345.353. Making of Contract or Agreement by Mail or Telephone

Sec. 345.353.  MAKING OF CONTRACT OR AGREEMENT BY MAIL OR TELEPHONE.  The designation requirement of Section 345.051(b) and the notice requirement of Section 345.052(d) do not apply to a sale under a retail installment contract or retail charge agreement negotiated and entered into by mail or telephone without solicitation in person by a salesperson or other representative of the retail seller if the contract or agreement is based on a printed solicitation, including a catalog of the seller, that clearly sets forth the cash price of sales to be made through the printed solicitation.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.354 (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 H. Other Provisions Applicable to Contracts and Agreements|Section 345.354. Prohibition on Power of Attorney to Confess Judgment and Assignment of Wages

Sec. 345.354.  PROHIBITION ON POWER OF ATTORNEY TO CONFESS JUDGMENT AND ASSIGNMENT OF WAGES.  A retail installment contract or retail charge agreement may not contain:(1)  a power of attorney to confess judgment;  or(2)  an assignment of wages.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.355 (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 H. Other Provisions Applicable to Contracts and Agreements|Section 345.355. Prohibition on Certain Acts of Repossession

Sec. 345.355.  PROHIBITION ON CERTAIN ACTS OF REPOSSESSION.  A retail installment contract or retail charge agreement may not:(1)  authorize the holder or a person acting on the holder's behalf to:(A)  enter the retail buyer's premises unlawfully;  or(B)  commit a breach of the peace in the repossession of goods;  or(2)  provide for the retail buyer to execute a power of attorney appointing, as the buyer's agent in the repossession of goods, the holder or a person acting on the holder's behalf.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.356 (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 H. Other Provisions Applicable to Contracts and Agreements|Section 345.356. Buyer's Waiver

Sec. 345.356.  BUYER'S WAIVER.  (a)  A retail installment contract or retail charge agreement may not:(1)  provide for a waiver of the retail buyer's rights of action against the holder or a person acting on the holder's behalf for an illegal act committed in:(A)  the collection of payments under the contract or agreement;  or(B)  the repossession of goods;  or(2)  provide that the retail buyer agrees not to assert against the retail seller a claim or defense arising out of the sale.(b)  A retail buyer may not waive any provision of this chapter before or at the time of the making of a retail installment contract, retail charge agreement, or purchase under the contract or agreement.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.357 (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 H. Other Provisions Applicable to Contracts and Agreements|Section 345.357. Prohibition on Certain Liens

Sec. 345.357.  PROHIBITION ON CERTAIN LIENS.  A retail installment contract or retail charge agreement may not provide for a first lien on real property to secure the obligation, other than a lien:(1)  created by law on the recording of an abstract of judgment;  or(2)  provided for or granted by a contract or series of contracts for the sale or construction and sale of a structure to be used as a residence if the time price differential provided in the contract or agreement does not exceed an annual percentage rate permitted under this chapter or Chapter 303.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 346.001 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 346 - Revolving Credit Accounts|Subchapter A. General Provisions|Section 346.001. Definitions

Sec. 346.001.  DEFINITIONS.  In this chapter:(1)  "Billing cycle" means the interval between periodic billing statements.(2)  "Credit card" means a card, confirmation, or identification or check or other written request by which a customer obtains access to a revolving credit account.(3)  "Creditor" means an authorized lender who directly or through another who honors a credit card issued by the person, extends credit, including money loaned, to a customer under an agreement that provides for the use of a credit card.(4)  "Customer" means a person who has accepted a revolving credit account.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 346.002 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 346 - Revolving Credit Accounts|Subchapter A. General Provisions|Section 346.002. Average Daily Balance

Sec. 346.002.  AVERAGE DAILY BALANCE.  (a)  The average daily balance of a revolving credit account is computed by:(1)  adding all of the ending balances in the account during each day of a billing cycle;  and(2)  dividing the total under Subdivision (1) by the number of days in the billing cycle.(b)  For purposes of Subsection (a), a day's ending balance is computed by:(1)  adding the previous day's ending balance and the amount of each loan, lease of goods, or purchase of goods or services posted to the account on the day for which the ending balance is being computed;  and(2)  subtracting from the result under Subdivision (1) each credit or payment posted to the account on the day for which the ending balance is being computed.(c)  A day's ending balance may not include interest.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 346.003 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 346 - Revolving Credit Accounts|Subchapter A. General Provisions|Section 346.003. Revolving Credit Accounts

Sec. 346.003.  REVOLVING CREDIT ACCOUNTS.  (a)  A revolving credit account is an open-end account:(1)  that is established by a creditor for a customer under a written agreement between the creditor and the customer;(2)  that the customer accepts by using the account;  and(3)  under which:(A)  the unpaid balance of and interest on the extensions of credit are debited to the account;(B)  interest is not precomputed but may be computed on the balances of the account outstanding from time to time;(C)  the customer may defer payment of any part of the balance of the account;  and(D)  the customer may obtain from the creditor one or more extensions of credit as described by Subsection (b) or (c).(b)  A revolving loan account is a revolving credit account under which a customer may obtain a loan from a creditor.(c)  A revolving triparty account is a revolving credit account under which:(1)  a customer may use a credit card to:(A)  obtain a loan from a creditor, with the advance made by the creditor or a person participating with the creditor;(B)  lease goods from a person participating with the creditor;  or(C)  purchase goods or services from a person participating with the creditor;(2)  the creditor is obligated to pay the participating person;  and(3)  the customer is obligated to pay the creditor the amount of the loan or cost of the lease or purchase.(d)  Interest may be computed on the balance of the account from time to time.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 346.004 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 346 - Revolving Credit Accounts|Subchapter A. General Provisions|Section 346.004. Application of Chapter to Revolving Credit Accounts

Sec. 346.004.  APPLICATION OF CHAPTER TO REVOLVING CREDIT ACCOUNTS.  (a)  Unless the contract for the account provides otherwise, this chapter applies to a revolving credit account described by Section 346.003 if the loan or extension of credit is extended primarily for personal, family, or household use to a person who is located in this state at the time the loan is made or the extension of credit is entered into.(b)  Unless the contract for the account provides that this chapter applies, this chapter does not apply to a revolving credit account described by Section 346.003 if the loan or extension of credit is for business, commercial, investment, or similar purposes.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.Amended by: Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 2.17, eff. September 1, 2005.Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 29, eff. September 1, 2019.|
TX Fin Code § 346.005 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 346 - Revolving Credit Accounts|Subchapter A. General Provisions|Section 346.005. Application of Other Code Provisions

Sec. 346.005.  APPLICATION OF OTHER CODE PROVISIONS.  (a)  A revolving credit account is subject to Chapters 303 and 349 but is not subject to another chapter of this title unless specifically provided by this chapter.(b)  A creditor in a revolving credit account under this chapter for personal, family, or household use must hold a license under Chapter 342, unless the person is not required to obtain a license under Section 342.051.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 2003, 78th Leg., ch. 887, Sec. 1, eff. Sept. 1, 2003.|
TX Fin Code § 346.101 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 346 - Revolving Credit Accounts|Subchapter B. Interest Charge and Fees|Section 346.101. Maximum Interest Rate

Sec. 346.101.  MAXIMUM INTEREST RATE.  (a)  A revolving credit account may provide for interest on an account at an annual rate that does not exceed the greater of:(1)  18 percent a year;  or(2)  the applicable alternative rate ceiling under Chapter 303.(b)  A revolving credit account may provide for interest computed under a method other than the average daily balance method if the amount of interest computed under that method does not exceed the amount of interest computed under the average daily balance method.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 1999, 76th Leg., ch. 1348, Sec. 1, eff. Sept. 1, 1999;  Acts 2003, 78th Leg., ch. 887, Sec. 2, eff. Sept. 1, 2003.|
TX Fin Code § 346.102 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 346 - Revolving Credit Accounts|Subchapter B. Interest Charge and Fees|Section 346.102. Permissible Interest Rate for Billing Cycle

Sec. 346.102.  PERMISSIBLE INTEREST RATE FOR BILLING CYCLE.  (a)  A revolving credit account that provides for equal billing cycles may provide for interest for a billing cycle at the rate equal to one-twelfth of the applicable annual interest rate on the average daily balance of the account during that billing cycle.(b)  In any 12-month period, billing cycles are considered to be equal if:(1)  the number of billing cycles in the period does not exceed 12;  and(2)  the difference between the length of the longest and the shortest billing cycles in the period does not exceed eight days.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|