reglab/housing_qa huggingface dataset:
TX Fin Code § 345.111 (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 C. Retail Charge Agreement|Section 345.111. Statement of Cash Price

Sec. 345.111.  STATEMENT OF CASH PRICE.  The cash price in a retail installment transaction under a retail charge agreement shall be stated in a sales slip or other memorandum furnished by a retail seller to a retail buyer under or in connection with the agreement.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.112 (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 C. Retail Charge Agreement|Section 345.112. Agreement Balance Statement

Sec. 345.112.  AGREEMENT BALANCE STATEMENT.  (a)  At the end of each statement period of a retail charge agreement in which an unpaid balance exists, the retail seller shall provide to the retail buyer a statement of the unpaid balance.(b)  The statement must set out that the retail buyer at any time may pay all or any part of the unpaid balance.(c)  In this section, "statement period" means a monthly period, which is not required to be a calendar month.  The term may include a regular period, other than a monthly period, to which the retail charge agreement parties agree in writing.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.113 (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 C. Retail Charge Agreement|Section 345.113. Compliance With Federal Law Considered Compliance With Chapter's Disclosure Requirements

Sec. 345.113.  COMPLIANCE WITH FEDERAL LAW CONSIDERED COMPLIANCE WITH CHAPTER'S DISCLOSURE REQUIREMENTS.  A retail charge agreement that complies with the applicable disclosure provisions of the Consumer Credit Protection Act (15 U.S.C. Section 1601 et seq.) is considered to comply with the disclosure requirements of Section 345.112.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.155 (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 D. Alternate Finance Charge Ceiling|Section 345.155. Time Price Differential Computation and Amount

Sec. 345.155.  TIME PRICE DIFFERENTIAL COMPUTATION AND AMOUNT.  (a)  A time price differential authorized under Subchapter C shall be computed using the average daily balance method.(b)  If the amount of a time price differential otherwise authorized under Subchapter C for a billing cycle in which a balance is due is less than 75 cents a month, the holder may charge an amount that does not exceed 75 cents a month.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.Amended by: Acts 2011, 82nd Leg., R.S., Ch. 1182 (H.B. 3453), Sec. 7, eff. September 1, 2011.|
TX Fin Code § 345.156 (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 D. Alternate Finance Charge Ceiling|Section 345.156. When Charging of Time Price Differential Prohibited

Sec. 345.156.  WHEN CHARGING OF TIME PRICE DIFFERENTIAL PROHIBITED.  A time price differential may not be charged for a billing cycle of a retail charge agreement that provides for a time price differential under this subchapter if:(1)  the payments received for the agreement and amounts credited during the billing cycle that are attributable to amounts included in the balance owed at the end of the preceding billing cycle equal or exceed the balance owed under the agreement at the end of the preceding billing cycle;  or(2)  a balance is not owed at the end of the preceding billing cycle.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.157 (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 D. Alternate Finance Charge Ceiling|Section 345.157. Delinquency Charge

Sec. 345.157.  DELINQUENCY CHARGE.  (a)  A retail charge agreement may provide for the payment of:(1)  a delinquency charge on each installment that is in default for a period that is longer than 21 days;(2)  an attorney's reasonable fee if the agreement is referred for collection to an attorney who is not a salaried employee of the holder; and(3)  court costs and disbursements.(b)  The amount of a delinquency charge may not exceed $15.(c)  Only one delinquency charge may be collected on an installment regardless of the duration of the default.(d)  The holder shall remit 50 cents of each delinquency charge in excess of $10 collected under this section to the comptroller, in the time and manner established by the comptroller, for deposit to the credit of an account in the general revenue fund. One-half of the money in the account may be appropriated only to finance research conducted by the commissioner under Section 11.305 and the other one-half of the money in the account may be appropriated only to finance educational activities and counseling services under Section 394.001.(e)  A customer's monthly statement must contain the following notice printed or typed in at least 10-point type that is boldfaced, capitalized, underlined, or otherwise conspicuously set out from the surrounding written material:  "A DELINQUENCY CHARGE OF $15 MAY BE ASSESSED FOR A PAYMENT THAT IS IN DEFAULT FOR A PERIOD THAT IS LONGER THAN 21 DAYS."(f)  If the commissioner determines that a retail seller or creditor that was operating under this subchapter on September 1, 1999, and that charges a delinquency charge in excess of $10, moved its credit operations out of this state after September 1, 1999, in a manner that results in the retail seller's or creditor's retail charge agreements not being subject to this subchapter, the commissioner shall collect from the retail seller or creditor an amount equal to 25 cents for each delinquency charge in excess of $10 collected during the 12-month period preceding the date of the move.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 1999, 76th Leg., ch. 1348, Sec. 4, eff. Sept. 1, 1999.Amended by: Acts 2011, 82nd Leg., R.S., Ch. 1182 (H.B. 3453), Sec. 8, eff. September 1, 2011.Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 27, eff. September 1, 2019.|
TX Fin Code § 345.158 (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 D. Alternate Finance Charge Ceiling|Section 345.158. Retail Charge Agreement to Which Subchapter Does Not Apply

Sec. 345.158.  RETAIL CHARGE AGREEMENT TO WHICH SUBCHAPTER DOES NOT APPLY.  This subchapter does not apply to a retail charge agreement that:(1)  is a home solicitation transaction that is subject to Chapter 601, Business & Commerce Code;(2)  is secured by a lien on the obligor's homestead; and(3)  provides for credit that is extended by the retail seller or the seller's owner, subsidiary, or corporate affiliate.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.Amended by: Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.18, eff. April 1, 2009.|
TX Fin Code § 345.201 (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 345.201. Property Insurance

Sec. 345.201.  PROPERTY INSURANCE.  (a)  A holder may request or require a retail buyer to insure the property purchased or improved under a retail installment transaction, including the purchase of title insurance on real property that is involved in the retail installment contract or retail charge agreement and that is subject to a security interest of the holder, including a lien.(b)  If the property is a boat that may be enrolled or licensed as a yacht with the United States Coast Guard and subject to the maritime laws of the United States, a holder may also require a retail buyer to provide in connection with the boat:(1)  protection and indemnity insurance;(2)  longshoremen's and harbor worker's compensation insurance;  and(3)  medical payments insurance.(c)  The insurance and the premiums or charges for the insurance must bear a reasonable relationship to:(1)  the amount, term, and conditions of the retail installment contract or retail charge agreement;(2)  the existing hazards or risk of loss, damage, or destruction;  or(3)  the potential liability.(d)  The insurance may not:(1)  cover unusual or exceptional risks;  or(2)  provide coverage not ordinarily included in policies issued to the public.(e)  The holder may include the cost of insurance provided under this section as a separate charge in the contract or agreement.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.202 (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 345.202. Credit Life, Credit Health and Accident, and Credit Involuntary Unemployment Insurance

Sec. 345.202.  CREDIT LIFE, CREDIT HEALTH AND ACCIDENT, AND CREDIT INVOLUNTARY UNEMPLOYMENT INSURANCE.  (a)  As additional protection for the contract or agreement, a holder may:(1)  request or require a retail buyer to provide credit life insurance and credit health and accident insurance;  and(2)  request or allow a retail buyer to provide credit involuntary unemployment insurance.(b)  A holder may include the cost of insurance provided under Subsection (a) as a separate charge in the contract or agreement.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.203 (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 345.203. Maximum Amount of Insurance Coverage

Sec. 345.203.  MAXIMUM AMOUNT OF INSURANCE COVERAGE.  (a)  At any time the total amount of the policies of credit life insurance in force on one retail buyer on one retail installment contract or retail charge agreement may not exceed:(1)  the total amount repayable under the contract or agreement;  and(2)  the greater of the scheduled or actual amount of unpaid indebtedness if the indebtedness is repayable in substantially equal installments.(b)  At any time the total amount of the policies of credit health and accident insurance or credit involuntary unemployment insurance in force on one retail buyer on one retail installment contract or retail charge agreement may not exceed the total amount repayable under the contract or agreement, and the amount of each periodic indemnity payment may not exceed the scheduled periodic payment on the indebtedness.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.204 (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 345.204. Insurance Statement

Sec. 345.204.  INSURANCE STATEMENT.  (a)  If insurance is required in connection with a retail installment contract or retail charge agreement, the holder shall give to the retail buyer a statement that clearly and conspicuously states that:(1)  insurance is required in connection with the contract or agreement;  and(2)  the buyer as an option may furnish the insurance through:(A)  an existing policy of insurance owned or controlled by the buyer;  or(B)  an insurance policy obtained from an insurance company authorized to do business in this state.(b)  If requested or required insurance is sold or obtained by the holder and the retail installment contract or retail charge agreement includes a premium or rate of charge that is not fixed or approved by the commissioner of insurance, the holder shall deliver or mail to the retail buyer a written statement that includes that fact.(c)  A statement under Subsection (a) or (b) may be provided with or as part of the retail installment contract or the retail charge agreement, as appropriate, or separately.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.205 (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 345.205. Insurance May Be Furnished by Buyer

Sec. 345.205.  INSURANCE MAY BE FURNISHED BY BUYER.  (a)  If insurance is requested or required in connection with a retail installment contract or retail charge agreement and the retail installment contract or retail charge agreement includes a premium or rate of charge that is not fixed or approved by the commissioner of insurance, the retail buyer is entitled to furnish the insurance coverage not later than the 10th day after the date of the contract or agreement or the delivery or mailing of the written statement required under Section 345.204, as appropriate, through:(1)  an existing insurance policy owned or controlled by the buyer;  or(2)  an insurance policy obtained from an insurance company authorized to do business in this state.(b)  When a retail installment contract or retail charge agreement is executed, the retail buyer is entitled to purchase the insurance described by Section 345.201, 345.202, or 345.207 and select:(1)  the agent or broker;  and(2)  an insurance company acceptable to the holder.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.206 (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 345.206. Buyer's Failure to Provide Evidence of Insurance

Sec. 345.206.  BUYER'S FAILURE TO PROVIDE EVIDENCE OF INSURANCE.  (a)  If the retail buyer fails to present to the holder reasonable evidence that the buyer has obtained or maintained a coverage required by the retail installment contract or retail charge agreement, the holder may:(1)  obtain substitute insurance coverage that is substantially equivalent to or more limited than the coverage required;  and(2)  add the amount of the premium advanced for the substitute coverage to the unpaid balance of the contract or agreement.(b)  Substitute insurance coverage under Subsection (a)(1):(1)  may be limited to coverage only of the interest of the holder or the interest of the holder and the buyer;  and(2)  must be written at lawful rates and in accordance with the Insurance Code by a company authorized to do business in this state.(c)  If substitute insurance is obtained by the holder under Subsection (a), the amendment adding the premium or rescheduling the contract is not required to be signed by the retail buyer.  The holder shall deliver to the buyer or send to the buyer's most recent address shown in the records of the holder specific written notice that the holder has obtained substitute insurance.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.207 (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 345.207. Charges for Other Insurance Included in Retail Installment Contract

Sec. 345.207.  CHARGES FOR OTHER INSURANCE INCLUDED IN RETAIL INSTALLMENT CONTRACT.  A retail buyer and retail seller may agree in a retail installment contract to include charges for insurance coverage that is:(1)  for risk of loss or liability reasonably related to:(A)  the goods or services sold;(B)  the anticipated use of the goods or services sold;  or(C)  goods or services that:(i)  are related to the goods or services sold;  and(ii)  may be insured with the goods and services sold;(2)  written on policies or endorsement forms prescribed or approved by the commissioner of insurance;  and(3)  ordinarily offered in policies or endorsements offered to the public.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.208 (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 345.208. Requirements for Including Insurance Charge in Contract or Agreement

Sec. 345.208.  REQUIREMENTS FOR INCLUDING INSURANCE CHARGE IN CONTRACT OR AGREEMENT.  (a)  For insurance to be included as an itemized charge in a retail installment contract or a retail charge agreement:(1)  the insurance must be written:(A)  at lawful rates;(B)  in accordance with the Insurance Code;  and(C)  by a company authorized to do business in this state;  and(2)  the disclosure requirements of this section must be satisfied.(b)  If the insurance is described by Section 345.201, 345.202, or 345.207, the retail installment contract or retail charge agreement, or a separate written statement or specimen copy of a certificate or policy of insurance that is given to the retail buyer, must identify the:(1)  type of the coverage;(2)  term of the coverage;  and(3)  amount of the premium for the coverage.(c)  If the insurance is described by Section 345.207, the retail installment contract must also clearly indicate that the coverage is optional.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.209 (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 345.209. Delivery of Insurance Document to Buyer

Sec. 345.209.  DELIVERY OF INSURANCE DOCUMENT TO BUYER.  A holder who obtains insurance shall, not later than the 45th day after the date of the delivery of goods or the furnishing of services under a retail installment contract or retail charge agreement, deliver, mail, or cause to be mailed to the retail buyer at the buyer's address specified in the contract or agreement a policy or certificate of insurance that clearly sets forth:(1)  the amount of the premium;(2)  the kind of insurance provided;(3)  the coverage of the insurance;  and(4)  all terms, including options, limitations, restrictions, and conditions, of the policy.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.210 (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 345.210. Holder's Duty if Insurance Is Adjusted or Terminated

Sec. 345.210.  HOLDER'S DUTY IF INSURANCE IS ADJUSTED OR TERMINATED.  (a)  If insurance for which a charge is included in or added to a retail installment contract or retail charge agreement is canceled, adjusted, or terminated, the holder shall, at the holder's option:(1)  apply the amount of the refund for unearned insurance premiums received by the holder to replace required insurance coverage;  or(2)  credit the refund to the final maturing installments of the retail installment contract or retail charge agreement.(b)  If the amount to be applied or credited under Subsection (a) is more than the amount unpaid on the retail installment contract or retail charge agreement, the holder shall refund to the retail buyer the difference between those amounts.(c)  A cash refund is not required under this section if the amount of the refund is less than $1.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.211 (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 345.211. Gain or Advantage From Insurance Not Additional Charge

Sec. 345.211.  GAIN OR ADVANTAGE FROM INSURANCE NOT ADDITIONAL CHARGE.  Any gain or advantage to the holder or the holder's employee, officer, director, agent, general agent, affiliate, or associate from insurance or the provision or sale of insurance under this subchapter is not an additional charge or additional time price differential in connection with a retail installment contract or retail sales agreement made under this chapter except as specifically provided by this chapter.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.212 (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 345.212. Nonfiling Insurance

Sec. 345.212.  NONFILING INSURANCE.  (a)  Instead of charging fees for the filing, recording, and releasing of documents for the perfection of a security interest created in connection with a retail installment transaction, the holder may include in the retail installment contract or retail charge agreement a charge for a nonfiling insurance premium.(b)  The amount of a charge under Subsection (a) may not exceed the amount of fees authorized for filing and recording an original financing statement in the standard form prescribed by the secretary of state.(c)  A holder may receive a charge authorized by this section only if the holder purchases nonfiling insurance in connection with the retail installment transaction.(d)  A holder is not required to furnish to a retail buyer a policy or certificate of insurance evidencing nonfiling insurance.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.213 (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 345.213. Inclusion of Insurance Premiums

Sec. 345.213.  INCLUSION OF INSURANCE PREMIUMS.  A retail seller may include any type of insurance premium in the billing of its accounts if:(1)  a charge, other than the premium, is not made to the retail buyer in connection with that inclusion;  and(2)  a charge is not made and a premium is not charged under a retail credit agreement when there is no monthly balance or the monthly balances are paid in full.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 345.214 (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 345.214. Adding to Retail Installment Contract Premiums for Insurance Acquired After Transaction

Sec. 345.214.  ADDING TO RETAIL INSTALLMENT CONTRACT PREMIUMS FOR INSURANCE ACQUIRED AFTER TRANSACTION.  (a)  A retail buyer and holder may agree to add to the unpaid balance of a retail installment contract premiums for insurance policies covering goods or services sold in a prior retail installment transaction under the contract or goods or services related to those goods or services, including premiums for the renewal of a policy included in the contract.(b)  A policy of insurance described by Subsection (a) must comply with the applicable requirements of Sections 345.201, 345.203, 345.207, and 345.208.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|