Texas Statutes
Subchapter B. Retail Installment Contract
Section 348.111. Buyer's Right to Rescind Contract

Sec. 348.111. BUYER'S RIGHT TO RESCIND CONTRACT. Until the retail seller complies with Section 348.110, a retail buyer who has not received delivery of the motor vehicle is entitled to:
(1) rescind the contract;
(2) receive a refund of all payments made under or in contemplation of the contract; and
(3) receive the return of all goods traded in to the retail seller under or in contemplation of the contract or, if those goods cannot be returned, to receive the value of those goods.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Structure Texas Statutes

Texas Statutes

Finance Code

Title 4 - Regulation of Interest, Loans, and Financed Transactions

Subtitle B - Loans and Financed Transactions

Chapter 348 - Motor Vehicle Installment Sales

Subchapter B. Retail Installment Contract

Section 348.101. Retail Installment Contract General Requirements

Section 348.1015. Contract Conditioned on Subsequent Assignment Prohibited

Section 348.102. Contents of Contract

Section 348.103. Time Price Differential for Retail Installment Contract

Section 348.104. Time Price Differential for Contract With Equal Monthly Successive Payments

Section 348.105. Use of Optional Ceiling

Section 348.106. Time Price Differential for Other Contracts

Section 348.107. Charge for Default in Payment of Installment

Section 348.108. Charges for Collecting Debt

Section 348.109. Acceleration of Debt Maturity

Section 348.110. Delivery of Copy of Contract

Section 348.111. Buyer's Right to Rescind Contract

Section 348.112. Buyer's Acknowledgment of Delivery of Contract Copy

Section 348.113. Amendment of Retail Installment Contract

Section 348.116. Confirmation of Amendment

Section 348.117. Contract After Amendment

Section 348.118. Prepayment of Contract

Section 348.119. Refund Credit on Prepayment

Section 348.120. Amount of Refund Credit for Monthly Installment Contract

Section 348.121. Amount of Refund Credit for Other Contracts

Section 348.122. Reinstatement of Contract After Demand for Payment

Section 348.123. Refinancing of Large Installment

Section 348.124. Debt Cancellation Agreements

Section 348.125. Trade-in Credit Agreements Offered in Connection With Retail Installment Contracts