Sec. 345.356. BUYER'S WAIVER. (a) A retail installment contract or retail charge agreement may not:
(1) provide for a waiver of the retail buyer's rights of action against the holder or a person acting on the holder's behalf for an illegal act committed in:
(A) the collection of payments under the contract or agreement; or
(B) the repossession of goods; or
(2) provide that the retail buyer agrees not to assert against the retail seller a claim or defense arising out of the sale.
(b) A retail buyer may not waive any provision of this chapter before or at the time of the making of a retail installment contract, retail charge agreement, or purchase under the contract or 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 H. Other Provisions Applicable to Contracts and Agreements
Section 345.351. Registration of Holder
Section 345.352. Seller's Promise to Pay or Tender of Cash to Buyer as Part of Transaction
Section 345.353. Making of Contract or Agreement by Mail or Telephone
Section 345.354. Prohibition on Power of Attorney to Confess Judgment and Assignment of Wages
Section 345.355. Prohibition on Certain Acts of Repossession