Sec. 353.211. EFFECT OF ADDING PREMIUM TO CONTRACT. If a premium is added to the unpaid balance of a retail installment contract under Section 353.206 or 353.210, the rate applicable to the time price differential agreed to in the retail installment contract remains in effect and shall be applied to the new unpaid balance, or the contract may be rescheduled in accordance with Sections 353.114 and 353.115, without reclassifying the commercial vehicle by its year model at the time of the amendment.
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
Section 353.201. Property Insurance
Section 353.202. Credit Life and Credit Health and Accident Insurance
Section 353.203. Maximum Amount of Credit Life and Credit Health and Accident Coverage
Section 353.204. Insurance Statement
Section 353.205. Statement if Liability Insurance Not Included in Contract
Section 353.206. Buyer's Failure to Provide Evidence of Insurance
Section 353.208. Holder's Duty if Insurance Is Adjusted or Terminated
Section 353.209. Gain or Advantage From Insurance Not Additional Charge
Section 353.211. Effect of Adding Premium to Contract
Section 353.212. Financing Entity May Not Require Insurance From Particular Source