Sec. 353.009. APPLICABILITY OF CHAPTER. (a) Except as provided by this section, this chapter applies to a retail installment transaction for a commercial vehicle if the retail installment contract states that this chapter applies.
(b) If a retail installment contract does not state that this chapter applies, the transaction is governed by Chapter 348, and this chapter does not apply.
(c) This chapter does not affect or apply to a loan made or the business of making loans under other law of this state and does not affect a rule of law applicable to a retail installment sale that is not a retail installment transaction.
(d) The provisions of this chapter defining specific rates and amounts of charges and requiring certain credit disclosures to be made control over any contrary law of this state respecting those subjects.
Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subtitle B - Loans and Financed Transactions
Chapter 353 - Commercial Motor Vehicle Installment Sales
Subchapter A. General Provisions
Section 353.002. Presumption Regarding Noncommercial Vehicles; Exception
Section 353.003. Bailment or Lease as Retail Installment Transaction
Section 353.004. Classification as Retail Installment Transaction Unaffected
Section 353.006. Itemized Charge
Section 353.007. Additional Charges Permitted
Section 353.008. Principal Balance; Inclusion of Documentary Fee
Section 353.009. Applicability of Chapter
Section 353.010. Applicability of Other Statutes to Retail Installment Transaction
Section 353.011. Federal Disclosure Requirements
Section 353.012. Additional Information Allowed in Contract
Section 353.013. Order of Items in Contract
Section 353.014. Applicability of Insurance Premium Financing Provisions
Section 353.015. Conditional Delivery Agreement
Section 353.016. Computation of Time Price Differential Using True Daily Earnings Method
Section 353.017. Transaction Conditioned on Purchase of Vehicle Protection Product Prohibited