Texas Finance Code

§ 342.504 — CONFESSION OF JUDGMENT; POWER OF ATTORNEY

FI § 342.504Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 342. CONSUMER LOANS · Art. K. LIMITATIONS ON AUTHORIZED LENDER

Statute text

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A lender may not take a confession of judgment or a power of attorney authorizing the lender or a third person to confess judgment or to appear for a borrower in a judicial proceeding.

Legislative history

Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.