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Texas Business & Commerce Code

§ 621.006 — DEPOSIT REQUIREMENTS

BC § 621.006Title 13. CONTESTS AND OTHER PROMOTIONS · Ch. 621. CONTESTS AND GIFT GIVEAWAYS · Art. A. GENERAL PROVISIONS

Statute text

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(a)In this section, "refundable deposit" means a deposit that is required to be returned in its entirety to a consumer if:
(1)it is paid by the consumer for a reservation used by the consumer; or
(2)the consumer provides at least five possible reservation dates, none of which can be confirmed.
(b)An offeror may require a refundable deposit for a gift or prize involving lodging, airfare, a trip, or a recreational activity if the deposit requirement is fully, clearly, and conspicuously disclosed.
(c)A condition that restricts the refund of the deposit must be clearly and conspicuously disclosed in at least 10-point type on the solicitation.

Legislative history

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

Source: Texas Business & Commerce Code § 621.006 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.