Sec. 92.154. REQUIRED NOTICE IN WAIVER. A contract that offers a loss damage waiver must include the following notice:
"This contract offers an optional loss damage waiver for an additional charge to cover your responsibility for loss of or damage to the merchandise. You do not have to purchase this coverage. Before deciding whether or not to purchase this loss damage waiver, you may consider whether your homeowners' or casualty insurance policy affords you coverage for loss of or damage to rental merchandise and the amount of the deductible you would pay under your policy."
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.
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