Sec. 345.007. APPLICABILITY OF CHAPTER. (a) This chapter applies only to a retail installment transaction.
(b) This chapter does not affect or apply to a loan made or the business of making loans under other law of this state and does not affect a rule of law applicable to a retail installment sale that is not a retail installment transaction.
(c) The provisions of this chapter defining specific rates and amounts of charges and requiring certain credit disclosures to be made control over any contrary law of this state respecting those subjects.
(d) This chapter applies to a retail installment transaction extended to a person who is located in this state at the time the transaction is entered into.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Amended by:
Acts 2019, 86th Leg., R.S., Ch. 767 (H.B. 1442), Sec. 26, eff. September 1, 2019.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subtitle B - Loans and Financed Transactions
Chapter 345 - Retail Installment Sales
Subchapter A. General Provisions
Section 345.005. Itemized Charge
Section 345.006. Time Price Differential Not Interest
Section 345.007. Applicability of Chapter
Section 345.008. Applicability of Other Statutes to Retail Installment Transaction
Section 345.009. Disclosure Requirements if Conflict With Federal Law