Sec. 345.158. RETAIL CHARGE AGREEMENT TO WHICH SUBCHAPTER DOES NOT APPLY. This subchapter does not apply to a retail charge agreement that:
(1) is a home solicitation transaction that is subject to Chapter 601, Business & Commerce Code;
(2) is secured by a lien on the obligor's homestead; and
(3) provides for credit that is extended by the retail seller or the seller's owner, subsidiary, or corporate affiliate.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.18, eff. April 1, 2009.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subtitle B - Loans and Financed Transactions
Chapter 345 - Retail Installment Sales
Subchapter D. Alternate Finance Charge Ceiling
Section 345.155. Time Price Differential Computation and Amount
Section 345.156. When Charging of Time Price Differential Prohibited
Section 345.157. Delinquency Charge
Section 345.158. Retail Charge Agreement to Which Subchapter Does Not Apply