Texas Finance Code

§ 347.053 — PROVISIONS PROHIBITED IN CREDIT DOCUMENT

FI § 347.053Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 347. MANUFACTURED HOME CREDIT TRANSACTIONS · Art. B. CREDIT DOCUMENT

Statute text

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A credit document may not:

(1)contain a power of attorney to confess judgment in this state;

(2)contain an assignment of wages;

(3)provide that the consumer agrees not to assert against a creditor or an assignee of the credit transaction a claim or defense arising out of the sale; or

(4)authorize the creditor or a person acting on the creditor's behalf to:

(A)enter the consumer's premises unlawfully; or

…

Legislative history

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