Texas Business & Commerce Code

§ 601.154 — FAILURE TO TAKE CERTAIN ACTIONS FOLLOWING RECEIPT OF NOTICE OF CANCELLATION

BC § 601.154Title 12. RIGHTS AND DUTIES OF CONSUMERS AND MERCHANTS · Ch. 601. CANCELLATION OF CERTAIN CONSUMER TRANSACTIONS · Art. D. PROHIBITED ACTS AND CONDUCT BY MERCHANT

Statute text

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A merchant may not:

(1)fail to notify the consumer before the end of the 10th business day after the date the merchant receives the notice of cancellation whether the merchant intends to repossess or abandon any shipped or delivered goods;

(2)fail or refuse to honor a valid cancellation under this chapter by a consumer; or

(3)fail before the end of the 10th business day after the date the merchant receives a valid notice of cancellation to:

(A)refund all payments made under the contract or sale;

(B)return any goods or property traded in to the merchant in substantially the same condition as when received by the merchant;

…

Legislative history

Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.