Sec. 345.074. REFUND CREDIT ON PREPAYMENT. If a retail buyer prepays a retail installment contract in full or if the holder 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 345.075 or 345.076, as applicable.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subtitle B - Loans and Financed Transactions
Chapter 345 - Retail Installment Sales
Subchapter B. Retail Installment Contract
Section 345.051. Retail Installment Contract General Requirements
Section 345.052. Contents of Contract
Section 345.053. Disclosure of Promise to Compensate for Referral
Section 345.054. Time Price Differential for Contract
Section 345.055. Time Price Differential for Contract Payable in Equal Monthly Payments
Section 345.056. Use of Optional Ceiling
Section 345.057. Time Price Differential for Other Contracts
Section 345.058. Minimum Time Price Differential for Contract
Section 345.059. Principal Balance Computation
Section 345.060. Charges for Default in Payment of Installment
Section 345.061. Charges for Collecting Debt
Section 345.062. Acceleration of Debt Maturity
Section 345.063. Requirements for Contract That Is More Than One Document
Section 345.064. Completion of Contract
Section 345.065. Delivery of Copy of Contract
Section 345.066. Buyer's Right to Rescind Contract
Section 345.067. Buyer's Acknowledgment of Delivery of Contract Copy
Section 345.068. Bailment or Lease as Retail Installment Transaction
Section 345.069. Deferment of Installment
Section 345.070. Amendment of Contract
Section 345.071. Confirmation of Amendment
Section 345.072. Contract After Amendment
Section 345.073. Prepayment of Contract
Section 345.074. Refund Credit on Prepayment
Section 345.075. Amount of Refund Credit for Monthly Installment Contract
Section 345.076. Amount of Refund Credit for Other Contracts
Section 345.077. Reinstatement of Contract
Section 345.078. Consolidation of Contracts
Section 345.079. Allocation of Payments on Consolidation of Contracts
Section 345.080. Obligation Under More Than One Contract
Section 345.081. Certificate of Completion or Satisfaction of Contract
Section 345.082. Statement of Payments and Amount Due Under Contract