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Subchapter A. General Provisions
Section 348.001. Definitions - Sec. 348.001. DEFINITIONS. In this chapter: (1) "Buyer's order" means...
Section 348.0015. Presumption Regarding Noncommercial Vehicles; Exception - Sec. 348.0015. PRESUMPTION REGARDING NONCOMMERCIAL VEHICLES; EXCEPTION. (a) A motor...
Section 348.002. Bailment or Lease as Retail Installment Transaction - Sec. 348.002. BAILMENT OR LEASE AS RETAIL INSTALLMENT TRANSACTION. A...
Section 348.003. Classification as Retail Installment Transaction Unaffected - Sec. 348.003. CLASSIFICATION AS RETAIL INSTALLMENT TRANSACTION UNAFFECTED. A transaction...
Section 348.004. Cash Price - Sec. 348.004. CASH PRICE. (a) The cash price is the...
Section 348.005. Itemized Charge - Sec. 348.005. ITEMIZED CHARGE. An amount in a retail installment...
Section 348.006. Principal Balance; Inclusion of Documentary Fee - Sec. 348.006. PRINCIPAL BALANCE; INCLUSION OF DOCUMENTARY FEE. (a) The...
Section 348.007. Applicability of Chapter - Sec. 348.007. APPLICABILITY OF CHAPTER. (a) Except as otherwise provided...
Section 348.008. Applicability of Other Statutes to Retail Installment Transaction - Sec. 348.008. APPLICABILITY OF OTHER STATUTES TO RETAIL INSTALLMENT TRANSACTION....
Section 348.009. Federal Disclosure Requirements Applicable - Sec. 348.009. FEDERAL DISCLOSURE REQUIREMENTS APPLICABLE. (a) The disclosure requirements...
Section 348.0091. Disclosure of Equity in Trade-in Motor Vehicle - Sec. 348.0091. DISCLOSURE OF EQUITY IN TRADE-IN MOTOR VEHICLE. (a)...
Section 348.010. Additional Information Allowed in Contract - Sec. 348.010. ADDITIONAL INFORMATION ALLOWED IN CONTRACT. Information not required...
Section 348.011. Order of Items in Contract - Sec. 348.011. ORDER OF ITEMS IN CONTRACT. Items required by...
Section 348.012. Applicability of Insurance Premium Financing Provisions - Sec. 348.012. APPLICABILITY OF INSURANCE PREMIUM FINANCING PROVISIONS. Chapter 651,...
Section 348.013. Conditional Delivery Agreement - Sec. 348.013. CONDITIONAL DELIVERY AGREEMENT. (a) In this section, "conditional...
Section 348.014. Transaction Conditioned on Purchase of Vehicle Protection Product Prohibited - Sec. 348.014. TRANSACTION CONDITIONED ON PURCHASE OF VEHICLE PROTECTION PRODUCT...
Subchapter B. Retail Installment Contract
Section 348.101. Retail Installment Contract General Requirements - Sec. 348.101. RETAIL INSTALLMENT CONTRACT GENERAL REQUIREMENTS. (a) A retail...
Section 348.1015. Contract Conditioned on Subsequent Assignment Prohibited - Sec. 348.1015. CONTRACT CONDITIONED ON SUBSEQUENT ASSIGNMENT PROHIBITED. (a) A...
Section 348.102. Contents of Contract - Sec. 348.102. CONTENTS OF CONTRACT. (a) A retail installment contract...
Section 348.103. Time Price Differential for Retail Installment Contract - Sec. 348.103. TIME PRICE DIFFERENTIAL FOR RETAIL INSTALLMENT CONTRACT. A...
Section 348.104. Time Price Differential for Contract With Equal Monthly Successive Payments - Sec. 348.104. TIME PRICE DIFFERENTIAL FOR CONTRACT WITH EQUAL MONTHLY...
Section 348.105. Use of Optional Ceiling - Sec. 348.105. USE OF OPTIONAL CEILING. As an alternative to...
Section 348.106. Time Price Differential for Other Contracts - Sec. 348.106. TIME PRICE DIFFERENTIAL FOR OTHER CONTRACTS. A retail...
Section 348.107. Charge for Default in Payment of Installment - Sec. 348.107. CHARGE FOR DEFAULT IN PAYMENT OF INSTALLMENT. (a)...
Section 348.108. Charges for Collecting Debt - Sec. 348.108. CHARGES FOR COLLECTING DEBT. A retail installment contract...
Section 348.109. Acceleration of Debt Maturity - Sec. 348.109. ACCELERATION OF DEBT MATURITY. A retail installment contract...
Section 348.110. Delivery of Copy of Contract - Sec. 348.110. DELIVERY OF COPY OF CONTRACT. A retail seller...
Section 348.111. Buyer's Right to Rescind Contract - Sec. 348.111. BUYER'S RIGHT TO RESCIND CONTRACT. Until the retail...
Section 348.112. Buyer's Acknowledgment of Delivery of Contract Copy - Sec. 348.112. BUYER'S ACKNOWLEDGMENT OF DELIVERY OF CONTRACT COPY. (a)...
Section 348.113. Amendment of Retail Installment Contract - Sec. 348.113. AMENDMENT OF RETAIL INSTALLMENT CONTRACT. On request by...
Section 348.116. Confirmation of Amendment - Sec. 348.116. CONFIRMATION OF AMENDMENT. An amendment to a retail...
Section 348.117. Contract After Amendment - Sec. 348.117. CONTRACT AFTER AMENDMENT. After amendment the retail installment...
Section 348.118. Prepayment of Contract - Sec. 348.118. PREPAYMENT OF CONTRACT. A retail buyer may prepay...
Section 348.119. Refund Credit on Prepayment - Sec. 348.119. REFUND CREDIT ON PREPAYMENT. If a retail buyer...
Section 348.120. Amount of Refund Credit for Monthly Installment Contract - Sec. 348.120. AMOUNT OF REFUND CREDIT FOR MONTHLY INSTALLMENT CONTRACT....
Section 348.121. Amount of Refund Credit for Other Contracts - Sec. 348.121. AMOUNT OF REFUND CREDIT FOR OTHER CONTRACTS. The...
Section 348.122. Reinstatement of Contract After Demand for Payment - Sec. 348.122. REINSTATEMENT OF CONTRACT AFTER DEMAND FOR PAYMENT. After...
Section 348.123. Refinancing of Large Installment - Sec. 348.123. REFINANCING OF LARGE INSTALLMENT. (a) If a scheduled...
Section 348.124. Debt Cancellation Agreements - Sec. 348.124. DEBT CANCELLATION AGREEMENTS. (a) In connection with a...
Section 348.125. Trade-in Credit Agreements Offered in Connection With Retail Installment Contracts - Sec. 348.125. TRADE-IN CREDIT AGREEMENTS OFFERED IN CONNECTION WITH RETAIL...
Subchapter C. Insurance
Section 348.201. Property Insurance - Sec. 348.201. PROPERTY INSURANCE. (a) A holder may request or...
Section 348.202. Credit Life and Credit Health and Accident Insurance - Sec. 348.202. CREDIT LIFE AND CREDIT HEALTH AND ACCIDENT INSURANCE....
Section 348.203. Maximum Amount of Credit Life and Credit Health and Accident Coverage - Sec. 348.203. MAXIMUM AMOUNT OF CREDIT LIFE AND CREDIT HEALTH...
Section 348.204. Insurance Statement - Sec. 348.204. INSURANCE STATEMENT. (a) If insurance is required in...
Section 348.205. Statement if Liability Insurance Not Included in Contract - Sec. 348.205. STATEMENT IF LIABILITY INSURANCE NOT INCLUDED IN CONTRACT....
Section 348.206. Insurance May Be Furnished by Buyer - Sec. 348.206. INSURANCE MAY BE FURNISHED BY BUYER. (a) If...
Section 348.207. Buyer's Failure to Provide Evidence of Insurance - Sec. 348.207. BUYER'S FAILURE TO PROVIDE EVIDENCE OF INSURANCE. (a)...
Section 348.208. Charges for Other Insurance and Forms of Protection Included in Retail Installment Contract - Sec. 348.208. CHARGES FOR OTHER INSURANCE AND FORMS OF PROTECTION...
Section 348.209. Requirements for Including Insurance Cost in Contract - Sec. 348.209. REQUIREMENTS FOR INCLUDING INSURANCE COST IN CONTRACT. (a)...
Section 348.210. Delivery of Insurance Document to Buyer - Sec. 348.210. DELIVERY OF INSURANCE DOCUMENT TO BUYER. A holder...
Section 348.211. Holder's Duty if Insurance Is Adjusted or Terminated - Sec. 348.211. HOLDER'S DUTY IF INSURANCE IS ADJUSTED OR TERMINATED....
Section 348.212. Gain or Advantage From Insurance Not Additional Charge - Sec. 348.212. GAIN OR ADVANTAGE FROM INSURANCE NOT ADDITIONAL CHARGE....
Section 348.213. Adding to Retail Installment Contract Premiums for Insurance Acquired After Transaction - Sec. 348.213. ADDING TO RETAIL INSTALLMENT CONTRACT PREMIUMS FOR INSURANCE...
Section 348.214. Effect of Adding Premium to Contract - Sec. 348.214. EFFECT OF ADDING PREMIUM TO CONTRACT. If a...
Section 348.215. Financing Entity May Not Require Insurance From Particular Source - Sec. 348.215. FINANCING ENTITY MAY NOT REQUIRE INSURANCE FROM PARTICULAR...
Subchapter D. Acquisition of Contract or Balance
Section 348.301. Authority to Acquire - Sec. 348.301. AUTHORITY TO ACQUIRE. A person may acquire a...
Section 348.302. Lack of Notice Does Not Affect Validity as to Certain Creditors - Sec. 348.302. LACK OF NOTICE DOES NOT AFFECT VALIDITY AS...
Section 348.303. Payment by Buyer - Sec. 348.303. PAYMENT BY BUYER. Unless a retail buyer has...
Subchapter E. Holder's Rights, Duties, and Limitations
Section 348.403. Seller's Promise to Pay or Tender of Cash to Buyer as Part of Transaction - Sec. 348.403. SELLER'S PROMISE TO PAY OR TENDER OF CASH...
Section 348.404. Seller's Action for Incentive Program or to Pay for Buyer's Motor Vehicle - Sec. 348.404. SELLER'S ACTION FOR INCENTIVE PROGRAM OR TO PAY...
Section 348.405. Statement of Payments and Amount Due Under Contract - Sec. 348.405. STATEMENT OF PAYMENTS AND AMOUNT DUE UNDER CONTRACT....
Section 348.406. Receipt for Cash Payment - Sec. 348.406. RECEIPT FOR CASH PAYMENT. A holder of a...
Section 348.407. Retention or Disposition of Nonattached Personal Property - Sec. 348.407. RETENTION OR DISPOSITION OF NONATTACHED PERSONAL PROPERTY. (a)...
Section 348.408. Outstanding Balance Information; Payment in Full - Sec. 348.408. OUTSTANDING BALANCE INFORMATION; PAYMENT IN FULL. (a) The...
Section 348.409. Liability Relating to Outstanding Balance Information - Sec. 348.409. LIABILITY RELATING TO OUTSTANDING BALANCE INFORMATION. A holder...
Section 348.410. Prohibition on Power of Attorney to Confess Judgment or Assignment of Wages - Sec. 348.410. PROHIBITION ON POWER OF ATTORNEY TO CONFESS JUDGMENT...
Section 348.411. Prohibition on Certain Acts of Repossession - Sec. 348.411. PROHIBITION ON CERTAIN ACTS OF REPOSSESSION. A retail...
Section 348.412. Buyer's Waiver - Sec. 348.412. BUYER'S WAIVER. (a) A retail installment contract may...
Section 348.413. Transfer of Equity - Sec. 348.413. TRANSFER OF EQUITY. (a) With the written consent...
Section 348.414. Automobile Club Membership Offered in Connection With Retail Installment Contract - Sec. 348.414. AUTOMOBILE CLUB MEMBERSHIP OFFERED IN CONNECTION WITH RETAIL...
Subchapter F. Licensing; Administration of Chapter
Section 348.501. License Required - Sec. 348.501. LICENSE REQUIRED. (a) A person may not act...
Section 348.5015. Residential Mortgage Loan Originator License Required - Sec. 348.5015. RESIDENTIAL MORTGAGE LOAN ORIGINATOR LICENSE REQUIRED. (a) In...
Section 348.502. Application Requirements - Sec. 348.502. APPLICATION REQUIREMENTS. (a) The application for a license...
Section 348.503. Investigation of Application - Sec. 348.503. INVESTIGATION OF APPLICATION. On the filing of an...
Section 348.504. Approval or Denial of Application - Sec. 348.504. APPROVAL OR DENIAL OF APPLICATION. (a) The commissioner...
Section 348.505. Disposition of Fees on Denial of Application - Sec. 348.505. DISPOSITION OF FEES ON DENIAL OF APPLICATION. If...
Section 348.5055. License Term - Sec. 348.5055. LICENSE TERM. A license issued under this chapter...
Section 348.506. License Fee - Sec. 348.506. LICENSE FEE. Not later than the 30th day...
Section 348.5065. Grounds for Refusal to Renew - Sec. 348.5065. GROUNDS FOR REFUSAL TO RENEW. The commissioner may...
Section 348.507. Expiration of License on Failure to Pay Fee - Sec. 348.507. EXPIRATION OF LICENSE ON FAILURE TO PAY FEE....
Section 348.508. License Suspension or Revocation - Sec. 348.508. LICENSE SUSPENSION OR REVOCATION. After notice and opportunity...
Section 348.509. Reinstatement of Suspended License; Issuance of New License After Revocation - Sec. 348.509. REINSTATEMENT OF SUSPENDED LICENSE; ISSUANCE OF NEW LICENSE...
Section 348.510. Surrender of License - Sec. 348.510. SURRENDER OF LICENSE. A license holder may surrender...
Section 348.511. Effect of License Suspension, Revocation, or Surrender - Sec. 348.511. EFFECT OF LICENSE SUSPENSION, REVOCATION, OR SURRENDER. (a)...
Section 348.512. Transfer or Assignment of License - Sec. 348.512. TRANSFER OR ASSIGNMENT OF LICENSE. A license may...
Section 348.513. Adoption of Rules - Sec. 348.513. ADOPTION OF RULES. (a) The finance commission may...
Section 348.514. Examination; Access to Records - Sec. 348.514. EXAMINATION; ACCESS TO RECORDS. (a) At the times...
Section 348.515. General Investigation - Sec. 348.515. GENERAL INVESTIGATION. To discover a violation of this...
Section 348.516. Payment of Examination Costs and Administration Expenses - Sec. 348.516. PAYMENT OF EXAMINATION COSTS AND ADMINISTRATION EXPENSES. A...
Section 348.517. License Holder's Records; Document Retention Requirements - Sec. 348.517. LICENSE HOLDER'S RECORDS; DOCUMENT RETENTION REQUIREMENTS. (a) A...
Section 348.518. Sharing of Information - Sec. 348.518. SHARING OF INFORMATION. To ensure consistent enforcement of...