Texas Business & Commerce Code

§ 92.054 — PROHIBITED PROVISIONS

BC § 92.054Title 5. REGULATION OF BUSINESSES AND SERVICES · Part B. RENTAL PRACTICES · Ch. 92. RENTAL-PURCHASE AGREEMENTS · Art. B. FORM AND CONTENT OF AGREEMENTS

Statute text

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(a)A rental-purchase agreement may not:

(1)require a consumer to:

(A)pay a late charge or reinstatement fee except as provided by Section 92.055(b);

(B)make a payment at the end of the scheduled rental-purchase term in excess of or in addition to a regular periodic payment to acquire ownership of the merchandise; or

(C)purchase insurance or a loss damage waiver from the merchant to cover the merchandise;

(2)require a confession of judgment;

…

Legislative history

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