Sec. 345.112. AGREEMENT BALANCE STATEMENT. (a) At the end of each statement period of a retail charge agreement in which an unpaid balance exists, the retail seller shall provide to the retail buyer a statement of the unpaid balance.
(b) The statement must set out that the retail buyer at any time may pay all or any part of the unpaid balance.
(c) In this section, "statement period" means a monthly period, which is not required to be a calendar month. The term may include a regular period, other than a monthly period, to which the retail charge agreement parties agree in writing.
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