Texas Finance Code

§ 345.355 — PROHIBITION ON CERTAIN ACTS OF REPOSSESSION

FI § 345.355Title 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

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A retail installment contract or retail charge agreement may not:

(1)authorize the holder or a person acting on the holder's behalf to:

(A)enter the retail buyer's premises unlawfully; or

(B)commit a breach of the peace in the repossession of goods; or

(2)provide for the retail buyer to execute a power of attorney appointing, as the buyer's agent in the repossession of goods, the holder or a person acting on the holder's behalf.

Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.