Sec. 347.153. REQUIREMENTS FOR AMENDMENT. (a) Before an amendment of a credit transaction may take effect it must be:
(1) confirmed in writing;
(2) signed by the consumer; and
(3) returned to the creditor.
(b) The writing must state:
(1) the terms of the amendment; and
(2) the new due dates and amounts of the installments.
(c) The creditor shall:
(1) deliver a copy of the writing to the consumer; or
(2) mail a copy of the writing to the consumer's address shown on the credit document.
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
Subchapter D. Amendment or Prepayment of Credit Transaction
Section 347.151. Amendment of Credit Transaction
Section 347.152. Alternate Method of Amendment of Credit Transaction
Section 347.153. Requirements for Amendment