Texas Finance Code
§ 345.354 — PROHIBITION ON POWER OF ATTORNEY TO CONFESS JUDGMENT AND ASSIGNMENT OF WAGES
FI § 345.354Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 345. RETAIL INSTALLMENT SALES · Art. H. OTHER PROVISIONS APPLICABLE TO CONTRACTS AND AGREEMENTS
Statute text
View on sourceA retail installment contract or retail charge agreement may not contain:
(1)a power of attorney to confess judgment; or
(2)an assignment of wages.
Legislative history
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.