Sec. 92.153. RESTRICTIONS ON MERCHANT CONCERNING WAIVER. A merchant may not:
(1) sell a loss damage waiver unless:
(A) the contract containing the waiver complies with this chapter; and
(B) the consumer agrees to the waiver in writing; or
(2) impose or require the purchase of a loss damage waiver as a mandatory charge.
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.
Amended by:
Acts 2013, 83rd Leg., R.S., Ch. 516 (S.B. 289), Sec. 1, eff. September 1, 2013.
Structure Texas Statutes
Title 5 - Regulation of Businesses and Services
Chapter 92 - Rental-Purchase Agreements
Subchapter D. Loss Damage Waivers
Section 92.151. Contract for Waiver
Section 92.152. Charge for Waiver
Section 92.153. Restrictions on Merchant Concerning Waiver
Section 92.154. Required Notice in Waiver
Section 92.155. Statement of Total Charge