Sec. 347.053. PROVISIONS PROHIBITED IN CREDIT DOCUMENT. A credit document may not:
(1) contain a power of attorney to confess judgment in this state;
(2) contain an assignment of wages;
(3) provide that the consumer agrees not to assert against a creditor or an assignee of the credit transaction a claim or defense arising out of the sale; or
(4) authorize the creditor or a person acting on the creditor's behalf to:
(A) enter the consumer's premises unlawfully; or
(B) commit a breach of the peace in the repossession of a manufactured home.
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 347 - Manufactured Home Credit Transactions
Section 347.051. Appearance of Credit Document; Consumer Notice
Section 347.052. Disclosure of Amount of Delinquency Charge
Section 347.053. Provisions Prohibited in Credit Document
Section 347.054. Consumer's Acknowledgment of Delivery of Credit Document
Section 347.056. Authority of Consumer Credit Commissioner Relating to a Credit Document