reglab/housing_qa huggingface dataset:
TX Bus & Com Code § 601.053 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 12 - Rights and Duties of Consumers and Merchants|Chapter 601 - Cancellation of Certain Consumer Transactions|Subchapter B. Consumer's Right to Cancel Transaction|Section 601.053. Completed Cancellation Form Required

Sec. 601.053.  COMPLETED CANCELLATION FORM REQUIRED.  (a)  A merchant that provides a document under Section 601.052 must attach to the document a completed notice of cancellation form in duplicate.  The form must:(1)  be easily detachable;(2)  be in the same language as the document provided under Section 601.052; and(3)  contain the following information and statements in 10-point boldfaced type:"NOTICE OF CANCELLATION(enter date of transaction)"YOU MAY CANCEL THIS TRANSACTION, WITHOUT ANY PENALTY OR OBLIGATION, WITHIN THREE BUSINESS DAYS FROM THE ABOVE DATE."IF YOU CANCEL, ANY PROPERTY TRADED IN, ANY PAYMENTS MADE BY YOU UNDER THE CONTRACT OR SALE, AND ANY NEGOTIABLE INSTRUMENT EXECUTED BY YOU WILL BE RETURNED WITHIN 10 BUSINESS DAYS FOLLOWING RECEIPT BY THE MERCHANT OF YOUR CANCELLATION NOTICE, AND ANY SECURITY INTEREST ARISING OUT OF THE TRANSACTION WILL BE CANCELLED."IF YOU CANCEL, YOU MUST MAKE AVAILABLE TO THE MERCHANT AT YOUR RESIDENCE, IN SUBSTANTIALLY AS GOOD CONDITION AS WHEN RECEIVED, ANY GOODS DELIVERED TO YOU UNDER THIS CONTRACT OR SALE;  OR YOU MAY IF YOU WISH, COMPLY WITH THE INSTRUCTIONS OF THE MERCHANT REGARDING THE RETURN SHIPMENT OF THE GOODS AT THE MERCHANT'S EXPENSE AND RISK."IF YOU DO NOT AGREE TO RETURN THE GOODS TO THE MERCHANT OR IF THE MERCHANT DOES NOT PICK THEM UP WITHIN 20 DAYS OF THE DATE OF YOUR NOTICE OF CANCELLATION, YOU MAY RETAIN OR DISPOSE OF THE GOODS WITHOUT ANY FURTHER OBLIGATION."TO CANCEL THIS TRANSACTION, MAIL OR DELIVER A SIGNED AND DATED COPY OF THIS CANCELLATION NOTICE OR ANY OTHER WRITTEN NOTICE, OR SEND A TELEGRAM, TO (name of merchant), AT (address of merchant's place of business) NOT LATER THAN MIDNIGHT OF (date).I HEREBY CANCEL THIS TRANSACTION.(date)(buyer's signature)"(b)  A merchant may not fail to include on both copies of the form described by Subsection (a):(1)  the name of the merchant;(2)  the address of the merchant's place of business;(3)  the date of the transaction; and(4)  a date not earlier than the third business day after the date of the transaction by which the consumer must give notice of cancellation.|Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.|
TX Bus & Com Code § 601.054 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 12 - Rights and Duties of Consumers and Merchants|Chapter 601 - Cancellation of Certain Consumer Transactions|Subchapter B. Consumer's Right to Cancel Transaction|Section 601.054. Use of Forms and Notices Prescribed by the Federal Trade Commission Authorized

Sec. 601.054.  USE OF FORMS AND NOTICES PRESCRIBED BY THE FEDERAL TRADE COMMISSION AUTHORIZED.  The use of the forms and notices of the right to cancel prescribed by the Federal Trade Commission's trade-regulation rule providing a cooling-off period for door-to-door sales constitutes compliance with Sections 601.052 and 601.053.|Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.|
TX Bus & Com Code § 601.055 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 12 - Rights and Duties of Consumers and Merchants|Chapter 601 - Cancellation of Certain Consumer Transactions|Subchapter B. Consumer's Right to Cancel Transaction|Section 601.055. Alternative Notice Authorized for Certain Consumer Transactions

Sec. 601.055.  ALTERNATIVE NOTICE AUTHORIZED FOR CERTAIN CONSUMER TRANSACTIONS.  A consumer transaction in which the contract price does not exceed $200 complies with the notice requirements of Sections 601.052 and 601.053 if:(1)  the consumer may at any time cancel the order, refuse to accept delivery of the goods without incurring any obligation to pay for the goods, or return the goods to the merchant and receive a full refund of the amount the consumer has paid; and(2)  the consumer's right to cancel the order, refuse delivery, or return the goods without obligation or charge at any time is clearly and conspicuously stated on the face or reverse side of the sales ticket.|Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.|
TX Bus & Com Code § 601.101 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 12 - Rights and Duties of Consumers and Merchants|Chapter 601 - Cancellation of Certain Consumer Transactions|Subchapter C. Rights and Duties of Consumer and Merchant|Section 601.101. Merchant's Compensation

Sec. 601.101.  MERCHANT'S COMPENSATION.  A merchant is not entitled to compensation for services performed under a consumer transaction canceled under this chapter.|Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.|
TX Bus & Com Code § 601.102 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 12 - Rights and Duties of Consumers and Merchants|Chapter 601 - Cancellation of Certain Consumer Transactions|Subchapter C. Rights and Duties of Consumer and Merchant|Section 601.102. Consumer's Retention of Goods or Title to Real Property Authorized

Sec. 601.102.  CONSUMER'S RETENTION OF GOODS OR TITLE TO REAL PROPERTY AUTHORIZED.  Until a merchant has complied with this chapter, a consumer with possession of goods or the right or title to real property delivered by the merchant:(1)  may retain possession of the goods or the right or title to the real property; and(2)  has a lien on the goods or real property to the extent of any recovery to which the consumer is entitled.|Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.|
TX Bus & Com Code § 601.103 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 12 - Rights and Duties of Consumers and Merchants|Chapter 601 - Cancellation of Certain Consumer Transactions|Subchapter C. Rights and Duties of Consumer and Merchant|Section 601.103. Consumer's Duties With Respect to Delivered Goods or Real Property

Sec. 601.103.  CONSUMER'S DUTIES WITH RESPECT TO DELIVERED GOODS OR REAL PROPERTY.  (a)  Within a reasonable time after a cancellation under this chapter, the consumer must, on demand, tender to the merchant any goods or any right or title to real property delivered by the merchant under the consumer transaction.(b)  The consumer is not obligated to tender goods at a place other than the consumer's residence.(c)  If the merchant fails to demand possession of the goods or the right or title to real property within a reasonable time after cancellation, the goods or real property become the property of the consumer without obligation to pay.(d)  Goods or real property in possession of the consumer are at the risk of the merchant, except that the consumer shall take reasonable care of the goods or the real property both before and for a reasonable time after cancellation.(e)  For purposes of this section, 20 days is presumed to be a reasonable time.|Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.|
TX Bus & Com Code § 601.151 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 12 - Rights and Duties of Consumers and Merchants|Chapter 601 - Cancellation of Certain Consumer Transactions|Subchapter D. Prohibited Acts and Conduct by Merchant|Section 601.151. Confession of Judgment or Waiver of Rights

Sec. 601.151.  CONFESSION OF JUDGMENT OR WAIVER OF RIGHTS.  A merchant may not include in a contract or receipt pertaining to a consumer transaction a confession of judgment or a waiver of any of the rights to which the consumer is entitled under this chapter.|Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.|
TX Bus & Com Code § 601.152 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 12 - Rights and Duties of Consumers and Merchants|Chapter 601 - Cancellation of Certain Consumer Transactions|Subchapter D. Prohibited Acts and Conduct by Merchant|Section 601.152. Failure to Inform or Misrepresentation of Right to Cancel

Sec. 601.152.  FAILURE TO INFORM OR MISREPRESENTATION OF RIGHT TO CANCEL.  A merchant may not:(1)  at the time the consumer signs the contract pertaining to a consumer transaction or purchases the goods, services, or real property, fail to inform the consumer orally of the right to cancel the transaction; or(2)  misrepresent in any manner the consumer's right to cancel.|Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.|
TX Bus & Com Code § 601.153 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 12 - Rights and Duties of Consumers and Merchants|Chapter 601 - Cancellation of Certain Consumer Transactions|Subchapter D. Prohibited Acts and Conduct by Merchant|Section 601.153. Transfer of Indebtedness During Certain Period

Sec. 601.153.  TRANSFER OF INDEBTEDNESS DURING CERTAIN PERIOD.  A merchant may not negotiate, transfer, sell, or assign a note or other evidence of indebtedness to a finance company or other third party before midnight of the fifth business day after the date the contract pertaining to a consumer transaction was signed or the goods or services were purchased.|Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.|
TX Bus & Com Code § 601.154 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 12 - Rights and Duties of Consumers and Merchants|Chapter 601 - Cancellation of Certain Consumer Transactions|Subchapter D. Prohibited Acts and Conduct by Merchant|Section 601.154. Failure to Take Certain Actions Following Receipt of Notice of Cancellation

Sec. 601.154.  FAILURE TO TAKE CERTAIN ACTIONS FOLLOWING RECEIPT OF NOTICE OF CANCELLATION.  A merchant may not:(1)  fail to notify the consumer before the end of the 10th business day after the date the merchant receives the notice of cancellation whether the merchant intends to repossess or abandon any shipped or delivered goods;(2)  fail or refuse to honor a valid cancellation under this chapter by a consumer; or(3)  fail before the end of the 10th business day after the date the merchant receives a valid notice of cancellation to:(A)  refund all payments made under the contract or sale;(B)  return any goods or property traded in to the merchant in substantially the same condition as when received by the merchant;(C)  cancel and return a negotiable instrument executed by the consumer in connection with the contract of sale;(D)  take any action appropriate to terminate promptly any security interest created in the transaction; or(E)  restore improvements on real property to the same condition as when the merchant took title to or possession of the real property unless the consumer requests otherwise.|Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.|
TX Bus & Com Code § 601.201 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 12 - Rights and Duties of Consumers and Merchants|Chapter 601 - Cancellation of Certain Consumer Transactions|Subchapter E. Enforcement|Section 601.201. Certain Sales or Contracts Void

Sec. 601.201.  CERTAIN SALES OR CONTRACTS VOID.  A sale or contract entered into under a consumer transaction in violation of Section 601.053(b) or Subchapter D is void.|Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.|
TX Bus & Com Code § 601.202 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 12 - Rights and Duties of Consumers and Merchants|Chapter 601 - Cancellation of Certain Consumer Transactions|Subchapter E. Enforcement|Section 601.202. Liability for Damages

Sec. 601.202.  LIABILITY FOR DAMAGES.  A merchant who violates this chapter is liable to the consumer for:(1)  actual damages suffered by the consumer as a result of the violation;(2)  reasonable attorney's fees; and(3)  court costs.|Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.|
TX Bus & Com Code § 601.203 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 12 - Rights and Duties of Consumers and Merchants|Chapter 601 - Cancellation of Certain Consumer Transactions|Subchapter E. Enforcement|Section 601.203. Alternative Recovery Under Certain Circumstances

Sec. 601.203.  ALTERNATIVE RECOVERY UNDER CERTAIN CIRCUMSTANCES.  If the merchant fails to tender goods or property traded to the merchant in substantially the same condition as when received by the merchant, the consumer may elect to recover an amount equal to the trade-in allowance stated in the agreement.|Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.|
TX Bus & Com Code § 601.204 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 12 - Rights and Duties of Consumers and Merchants|Chapter 601 - Cancellation of Certain Consumer Transactions|Subchapter E. Enforcement|Section 601.204. Deceptive Trade Practice

Sec. 601.204.  DECEPTIVE TRADE PRACTICE.  A violation of this chapter is a false, misleading, or deceptive act or practice as defined by Section 17.46(b).  In addition to any remedy under this chapter, a remedy under Subchapter E, Chapter 17, is also available for a violation of this chapter.|Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.|
TX Bus & Com Code § 601.205 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 12 - Rights and Duties of Consumers and Merchants|Chapter 601 - Cancellation of Certain Consumer Transactions|Subchapter E. Enforcement|Section 601.205. Injunction

Sec. 601.205.  INJUNCTION.  If the attorney general believes that a person is violating or about to violate this chapter, the attorney general may bring an action in the name of the state to restrain or enjoin the person from violating this chapter.|Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.|
TX Bus & Com Code § 603.001 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 12 - Rights and Duties of Consumers and Merchants|Chapter 603 - Regulation of Consumer Contracts Created by Acceptance of Check or Other Draft|Subchapter A. General Provisions|Section 603.001. Definitions

Sec. 603.001.  DEFINITIONS.  Unless the context requires a different definition, the definitions provided by Chapter 3 apply to this chapter.|Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.|
TX Bus & Com Code § 603.002 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 12 - Rights and Duties of Consumers and Merchants|Chapter 603 - Regulation of Consumer Contracts Created by Acceptance of Check or Other Draft|Subchapter A. General Provisions|Section 603.002. Applicability of Chapter

Sec. 603.002.  APPLICABILITY OF CHAPTER.  (a)  Except as provided by Subsection (b), this chapter applies only to a person who solicits business in this state by mailing an individual a check or other draft payable to that individual.(b)  This chapter does not apply to a financial institution as defined by Section 201.101, Finance Code, or an authorized lender as defined by Section 341.001 of that code, that sends a check or other draft to an existing or prospective account holder authorizing that person to access an extension of credit.|Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.|
TX Bus & Com Code § 603.051 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 12 - Rights and Duties of Consumers and Merchants|Chapter 603 - Regulation of Consumer Contracts Created by Acceptance of Check or Other Draft|Subchapter B. Required Disclosures and Notices|Section 603.051. Required Disclosure on Check or Other Draft

Sec. 603.051.  REQUIRED DISCLOSURE ON CHECK OR OTHER DRAFT.  (a)  A person who makes an offer that the recipient may accept by endorsing and negotiating a check or other draft shall disclose on the check or other draft that by signing and negotiating the instrument, the depositor agrees to pay for future goods or services as a result of the contract.(b)  The disclosure required by Subsection (a) must be clear, conspicuous, and located on the check or other draft next to the place for endorsement.|Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.|
TX Bus & Com Code § 603.052 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 12 - Rights and Duties of Consumers and Merchants|Chapter 603 - Regulation of Consumer Contracts Created by Acceptance of Check or Other Draft|Subchapter B. Required Disclosures and Notices|Section 603.052. Required Notice of Right to Terminate Acceptance of Offer

Sec. 603.052.  REQUIRED NOTICE OF RIGHT TO TERMINATE ACCEPTANCE OF OFFER.  (a)  If an offer described by Section 603.051 includes a free membership period, trial period, or other incentive with a time limit, and if the offer results in a contract unless the recipient terminates the acceptance of the offer not later than the end of the time period, the offeror shall send notice to the recipient, at least two weeks before debiting any account, of the recipient's obligation to terminate the recipient's acceptance of the offer.(b)  The notice required by Subsection (a) must be clear and conspicuous.  If the offeror bills the recipient by mailing an invoice, the notice may be included with the invoice.|Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.|
TX Bus & Com Code § 603.053 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 12 - Rights and Duties of Consumers and Merchants|Chapter 603 - Regulation of Consumer Contracts Created by Acceptance of Check or Other Draft|Subchapter B. Required Disclosures and Notices|Section 603.053. Effect of Noncompliance

Sec. 603.053.  EFFECT OF NONCOMPLIANCE.  (a)  An offer described by Section 603.051 is void if the offeror:(1)  does not make the disclosure required by that section;(2)  does not send notice as required by Section 603.052, if applicable; or(3)  provides an incentive with a time limit, including a free membership period or trial period, that is less than two weeks in length.(b)  A delivery of goods or services to the recipient does not operate to form a contract between the offeror and the recipient if:(1)  the offer does not contain the disclosure required by Section 603.051;(2)  the offer is not followed by a notice required by Section 603.052, if applicable; or(3)  the offeror fails to honor the recipient's cancellation or termination of the acceptance of the offer made under the terms of the offer or as required by Section 603.052.|Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.|
TX Bus & Com Code § 603.101 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 12 - Rights and Duties of Consumers and Merchants|Chapter 603 - Regulation of Consumer Contracts Created by Acceptance of Check or Other Draft|Subchapter C. Enforcement|Section 603.101. Deceptive Trade Practice

Sec. 603.101.  DECEPTIVE TRADE PRACTICE.  A violation of this chapter is a deceptive trade practice in addition to the practices described by Subchapter E, Chapter 17, and is actionable under that subchapter.|Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.|
TX Bus & Com Code § 604.001 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 12 - Rights and Duties of Consumers and Merchants|Chapter 604 - Sale or Issuance of Stored Value Card|Subchapter A. General Provisions|Section 604.001. Definition of Stored Value Card

Sec. 604.001.  DEFINITION OF STORED VALUE CARD.  In this chapter, "stored value card":(1)  means a record, as defined by Section 322.002, including a record that contains a microprocessor chip, magnetic strip, or other means of storing information:(A)  that evidences a promise made for monetary consideration by the seller or issuer of the record that goods or services will be provided to the owner of the record in the value shown in the record;(B)  that is prefunded; and(C)  the value of which is reduced on redemption; and(2)  includes a gift card or gift certificate.|Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.|
TX Bus & Com Code § 604.002 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 12 - Rights and Duties of Consumers and Merchants|Chapter 604 - Sale or Issuance of Stored Value Card|Subchapter A. General Provisions|Section 604.002. Inapplicability of Chapter

Sec. 604.002.  INAPPLICABILITY OF CHAPTER.  This chapter does not apply to a stored value card that:(1)  is issued by:(A)  a financial institution acting as a financial agent of the United States or this state;(B)  a federally insured financial institution, as defined by Section 201.101, Finance Code, if the financial institution is primarily liable for the card as the issuing principal; or(C)  an air carrier holding a certificate of public convenience and necessity under Title 49, United States Code;(2)  is issued as a prepaid calling card by a prepaid calling card company regulated under Section 55.253, Utilities Code;(3)  is distributed by the issuer to a person under an awards, rewards, loyalty, incentive, rebate, or promotional program and is not issued or reloaded in exchange for money tendered by the cardholder;(4)  is sold below face value or donated to:(A)  an employee of the seller or issuer;(B)  a nonprofit or charitable organization; or(C)  an educational institution for fund-raising purposes; or(5)  does not expire and for which the seller does not charge a fee other than a fee described in Section 604.051.|Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.|
TX Bus & Com Code § 604.003 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 12 - Rights and Duties of Consumers and Merchants|Chapter 604 - Sale or Issuance of Stored Value Card|Subchapter A. General Provisions|Section 604.003. Cause of Action Not Created

Sec. 604.003.  CAUSE OF ACTION NOT CREATED.  This chapter does not create a cause of action against a person who issues or sells a stored value card.|Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.|
TX Bus & Com Code § 604.051 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 12 - Rights and Duties of Consumers and Merchants|Chapter 604 - Sale or Issuance of Stored Value Card|Subchapter B. Permissible Fees|Section 604.051. Fees and Charges Related to Issuance and Handling of Card

Sec. 604.051.  FEES AND CHARGES RELATED TO ISSUANCE AND HANDLING OF CARD.  If disclosed as required by Subchapter C, the issuer of a stored value card may impose and collect a reasonable:(1)  handling fee in connection with the issuance of or adding of value to the card;(2)  access fee for a card transaction conducted at an unmanned teller machine, as defined by Section 59.301, Finance Code; and(3)  reissue or replacement charge if an expired or lost card is reissued or replaced.|Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.|
TX Bus & Com Code § 604.052 (2021)
2021 Texas Statutes|Business and Commerce Code|Title 12 - Rights and Duties of Consumers and Merchants|Chapter 604 - Sale or Issuance of Stored Value Card|Subchapter B. Permissible Fees|Section 604.052. Fees or Charges That Decrease Unredeemed Balance of Card

Sec. 604.052.  FEES OR CHARGES THAT DECREASE UNREDEEMED BALANCE OF CARD.  The issuer of a stored value card may impose or collect a periodic fee or other charge that causes the unredeemed balance of the card to decrease over time only if the fee:(1)  is reasonable;(2)  is not assessed until after the first anniversary of the date the card is sold or issued; and(3)  is disclosed as required by Subchapter C.|Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.|