Sec. 345.106. PROCESSING FEE FOR RETURNED CHECK. A retail charge agreement may provide that the holder of the agreement may:
(1) charge the retail buyer, on return of a dishonored check given in payment under the agreement, a reasonable processing fee that is not more than $15; and
(2) add the fee to the unpaid balance under the agreement.
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 C. Retail Charge Agreement
Section 345.101. Making Retail Charge Agreement
Section 345.102. Agreement General Requirements
Section 345.103. Time Price Differential for Agreement
Section 345.104. Use of Optional Ceiling
Section 345.105. Charges for Collection of Payment of Agreement
Section 345.106. Processing Fee for Returned Check
Section 345.107. Prohibited Fees
Section 345.108. Prohibition on Signing of Agreement With Blank Spaces
Section 345.109. Delivery of Copy of Agreement
Section 345.110. Buyer's Acknowledgment of Delivery of Agreement Copy
Section 345.111. Statement of Cash Price