reglab/housing_qa huggingface dataset:
TX Fin Code § 348.0091 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 348 - Motor Vehicle Installment Sales|Subchapter A. General Provisions|Section 348.0091. Disclosure of Equity in Trade-in Motor Vehicle

Sec. 348.0091.  DISCLOSURE OF EQUITY IN TRADE-IN MOTOR VEHICLE.  (a)  A retail seller may not accept a trade-in motor vehicle for a motor vehicle sold under a retail installment contract unless the retail seller provides to the retail buyer, before the buyer signs the contract, a completed disclosure of trade-in equity form prescribed by this section.(b)  The finance commission shall by rule adopt a standard form for the disclosure of the equity in a retail buyer's trade-in motor vehicle.(c)  The form adopted by the finance commission under  Subsection (b), at a minimum, must:(1)  contain:(A)  the name of the retail buyer;(B)  the name, address, and telephone number of the retail seller;(C)  the make, model, year, and vehicle identification number of the trade-in motor vehicle;(D)  the date of the retail installment transaction;(E)  the amount offered by the retail seller to the retail buyer for the trade-in motor vehicle;(F)  the amount the retail buyer owes on the trade-in motor vehicle as of the date of the retail installment transaction;(G)  a statement indicating whether the retail buyer's equity in the trade-in motor vehicle is positive or negative;(H)  a disclosure containing substantially similar words to the following:  "If the EQUITY amount is NEGATIVE, the value the retail seller is offering you for your trade-in motor vehicle is less than what you currently owe on your trade-in.  The amount of negative equity may be further reduced by the amount of any cash down payment and manufacturer's rebate and may be included in the amount financed under your retail installment contract as an itemized charge.";(I)  the cash price of the vehicle being purchased under the retail installment transaction; and(J)  the amount financed under the retail installment contract;(2)  include a space for the signature of both the retail seller and retail buyer and the printed name of the retail seller; and(3)  be signed and dated by the retail seller and retail buyer.(d)  The retail seller is solely responsible for the content and delivery of the disclosure form required by Subsection (a).  An assignee of a retail installment contract may not be held responsible for a retail seller's failure to comply with the requirements of this section.(e)  This section does not create a private right of action.  The commissioner has exclusive jurisdiction to enforce this section.|Added by Acts 2009, 81st Leg., R.S., Ch. 676 (H.B. 2438), Sec. 3, eff. September 1, 2009.|
TX Fin Code § 348.010 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 348 - Motor Vehicle Installment Sales|Subchapter A. General Provisions|Section 348.010. Additional Information Allowed in Contract

Sec. 348.010.  ADDITIONAL INFORMATION ALLOWED IN CONTRACT.  Information not required by this chapter may be included in a retail installment contract.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 348.011 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 348 - Motor Vehicle Installment Sales|Subchapter A. General Provisions|Section 348.011. Order of Items in Contract

Sec. 348.011.  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.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 348.012 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 348 - Motor Vehicle Installment Sales|Subchapter A. General Provisions|Section 348.012. Applicability of Insurance Premium Financing Provisions

Sec. 348.012.  APPLICABILITY OF INSURANCE PREMIUM FINANCING PROVISIONS.  Chapter 651, Insurance Code, does not apply to a retail installment transaction.|Added by Acts 2001, 77th Leg., ch. 1235, Sec. 17, eff. Sept. 1, 2001.Amended by: Acts 2005, 79th Leg., Ch. 728 (H.B. 2018), Sec. 11.117, eff. September 1, 2005.|
TX Fin Code § 348.014 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 348 - Motor Vehicle Installment Sales|Subchapter A. General Provisions|Section 348.014. Transaction Conditioned on Purchase of Vehicle Protection Product Prohibited

Sec. 348.014.  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 motor 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. 1.003, eff. September 1, 2017.|
TX Fin Code § 348.101 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 348 - Motor Vehicle Installment Sales|Subchapter B. Retail Installment Contract|Section 348.101. Retail Installment Contract General Requirements

Sec. 348.101.  RETAIL INSTALLMENT CONTRACT GENERAL REQUIREMENTS.  (a)  A retail installment contract is required for each retail installment transaction.  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 motor 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.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 348.1015 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 348 - Motor Vehicle Installment Sales|Subchapter B. Retail Installment Contract|Section 348.1015. Contract Conditioned on Subsequent Assignment Prohibited

Sec. 348.1015.  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 2009, 81st Leg., R.S., Ch. 683 (H.B. 2556), Sec. 2, eff. September 1, 2009.|
TX Fin Code § 348.102 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 348 - Motor Vehicle Installment Sales|Subchapter B. Retail Installment Contract|Section 348.102. Contents of Contract

Sec. 348.102.  CONTENTS OF CONTRACT.  (a)  A retail installment contract must contain:(1)  the name of the retail seller and the name of the retail buyer;(2)  the place of business or address of the retail seller;(3)  the residence or other address of the retail buyer as specified by the retail buyer;(4)  a description of the motor vehicle being sold;(5)  the cash price of the retail installment transaction;(6)  the amount of any down payment by the retail buyer, specifying the amounts paid in money and in goods traded in;  and(7)  each itemized charge.(b)  A charge for insurance, a service contract, or a warranty authorized by Subchapter C  may be disclosed as provided by that subchapter.(c)  A retail installment contract that provides for a variable contract rate must set out the method by which the rate is computed. (d)  The contract must contain substantially the following notice in at least 10-point type that is bold-faced, capitalized, or underlined or otherwise conspicuously set out from the surrounding written material:"NOTICE TO THE BUYER--DO NOT SIGN THIS CONTRACT BEFORE YOU READ IT OR IF IT CONTAINS ANY BLANK SPACES.  YOU ARE ENTITLED TO A COPY OF THE CONTRACT YOU SIGN.  UNDER THE LAW YOU HAVE THE RIGHT TO PAY OFF IN ADVANCE THE FULL AMOUNT DUE AND UNDER CERTAIN CONDITIONS MAY OBTAIN A PARTIAL REFUND OF THE FINANCE CHARGE.  KEEP THIS CONTRACT TO PROTECT YOUR LEGAL RIGHTS."|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.Amended by: Acts 2009, 81st Leg., R.S., Ch. 238 (S.B. 1965), Sec. 8, eff. September 1, 2009.|
TX Fin Code § 348.103 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 348 - Motor Vehicle Installment Sales|Subchapter B. Retail Installment Contract|Section 348.103. Time Price Differential for Retail Installment Contract

Sec. 348.103.  TIME PRICE DIFFERENTIAL FOR RETAIL INSTALLMENT CONTRACT.  A retail installment contract may provide for:(1)  any amount of time price differential permitted under Section 348.104, 348.105, or 348.106;  or(2)  any rate of time price differential not exceeding a yield permitted under Section 348.104, 348.105, or 348.106.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 348.104 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 348 - Motor Vehicle Installment Sales|Subchapter B. Retail Installment Contract|Section 348.104. Time Price Differential for Contract With Equal Monthly Successive Payments

Sec. 348.104.  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:(1)  the add-on charge provided by this section;  or(2)  $25 if the add-on charge under Subdivision (1) is less than $25.(b)  The add-on charge is $7.50 per $100 per year on the principal balance for  a new motor 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 motor vehicle not covered by Subsection (b); or(2)  a used motor 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 motor vehicle not covered by Subsection (c) that is  a motor 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 motor 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.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.Amended by: Acts 2009, 81st Leg., R.S., Ch. 676 (H.B. 2438), Sec. 5, eff. September 1, 2009.Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 11, eff. September 1, 2011.|
TX Fin Code § 348.105 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 348 - Motor Vehicle Installment Sales|Subchapter B. Retail Installment Contract|Section 348.105. Use of Optional Ceiling

Sec. 348.105.  USE OF OPTIONAL CEILING.  As an alternative to the maximum rate or amount authorized for a time price differential under Section 348.104 or 348.106, 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.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 348.106 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 348 - Motor Vehicle Installment Sales|Subchapter B. Retail Installment Contract|Section 348.106. Time Price Differential for Other Contracts

Sec. 348.106.  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.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 348.107 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 348 - Motor Vehicle Installment Sales|Subchapter B. Retail Installment Contract|Section 348.107. Charge for Default in Payment of Installment

Sec. 348.107.  CHARGE FOR DEFAULT IN PAYMENT OF INSTALLMENT.  (a)  A retail installment contract may provide that if an installment remains unpaid after the 15th day after the maturity of the installment 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 accrual 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 may be collected on an installment under this section regardless of the duration of the default.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.  Amended by Acts 2001, 77th Leg., ch. 1077, Sec. 1, eff. Sept. 1, 2001.Amended by: Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 12, eff. September 1, 2011.|
TX Fin Code § 348.108 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 348 - Motor Vehicle Installment Sales|Subchapter B. Retail Installment Contract|Section 348.108. Charges for Collecting Debt

Sec. 348.108.  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 motor 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.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 348.109 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 348 - Motor Vehicle Installment Sales|Subchapter B. Retail Installment Contract|Section 348.109. Acceleration of Debt Maturity

Sec. 348.109.  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; or(2)  the holder believes in good faith that the prospect of buyer's payment or performance is impaired.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.Amended by: Acts 2009, 81st Leg., R.S., Ch. 238 (S.B. 1965), Sec. 9, eff. September 1, 2009.Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 13, eff. September 1, 2011.|
TX Fin Code § 348.110 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 348 - Motor Vehicle Installment Sales|Subchapter B. Retail Installment Contract|Section 348.110. Delivery of Copy of Contract

Sec. 348.110.  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.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 348.111 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 348 - Motor Vehicle Installment Sales|Subchapter B. Retail Installment Contract|Section 348.111. Buyer's Right to Rescind Contract

Sec. 348.111.  BUYER'S RIGHT TO RESCIND CONTRACT.  Until the retail seller complies with Section 348.110, a retail buyer who has not received delivery of the motor 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.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 348.112 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 348 - Motor Vehicle Installment Sales|Subchapter B. Retail Installment Contract|Section 348.112. Buyer's Acknowledgment of Delivery of Contract Copy

Sec. 348.112.  BUYER'S ACKNOWLEDGMENT OF DELIVERY OF CONTRACT COPY.  (a)  Any retail buyer's acknowledgment of delivery of a copy of the retail installment contract must:(1)  be in at least 10-point type that is bold-faced, capitalized, or underlined or otherwise conspicuously set out from the surrounding written material;  and(2)  appear directly above the buyer's signature.(b)  Any retail buyer's acknowledgment conforming to this section of delivery of a copy of the retail installment contract is, in an action or proceeding by or against a holder of the contract who was without knowledge to the contrary when the holder purchased it, conclusive proof:(1)  that the copy was delivered to the buyer;(2)  that the contract did not contain a blank space that was required to have been completed under this chapter when the contract was signed by the buyer;  and(3)  of compliance with Sections 348.009, 348.101, 348.102, 348.123, 348.205, 348.405, 348.406, and 348.408.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 348.116 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 348 - Motor Vehicle Installment Sales|Subchapter B. Retail Installment Contract|Section 348.116. Confirmation of Amendment

Sec. 348.116.  CONFIRMATION OF AMENDMENT.  An amendment to a retail installment contract must be confirmed in a writing signed by the retail buyer.  The holder shall:(1)  deliver a copy of the confirmation to the buyer;  or(2)  mail a copy of the confirmation to the buyer at the buyer's most recent address shown on the records of the holder.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 348.117 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 348 - Motor Vehicle Installment Sales|Subchapter B. Retail Installment Contract|Section 348.117. Contract After Amendment

Sec. 348.117.  CONTRACT AFTER AMENDMENT.  After amendment the retail installment contract is the original contract and each amendment to the original contract.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 348.118 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 348 - Motor Vehicle Installment Sales|Subchapter B. Retail Installment Contract|Section 348.118. Prepayment of Contract

Sec. 348.118.  PREPAYMENT OF CONTRACT.  A retail buyer may prepay a retail installment contract in full at any time before maturity.  This section prevails over a conflicting provision of the contract.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|
TX Fin Code § 348.119 (2021)
2021 Texas Statutes|Finance Code|Title 4 - Regulation of Interest, Loans, and Financed Transactions|Subtitle B - Loans and Financed Transactions|Chapter 348 - Motor Vehicle Installment Sales|Subchapter B. Retail Installment Contract|Section 348.119. Refund Credit on Prepayment

Sec. 348.119.  REFUND CREDIT ON PREPAYMENT.  If a retail buyer prepays a retail installment contract in full or if the holder of the contract demands payment of the unpaid balance of the contract in full before the contract's final installment is due, the buyer is entitled to receive a refund credit as provided by Section 348.120 or 348.121, as applicable.|Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.|