Texas Finance Code

§ 347.054 — CONSUMER'S ACKNOWLEDGMENT OF DELIVERY OF CREDIT DOCUMENT

FI § 347.054Title 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)A consumer's acknowledgment of the delivery of a copy of the credit document is conclusive proof that:

(1)the document was delivered to the consumer; and

(2)the document did not contain a blank space that was required by this chapter to have been filled when the document was signed by the consumer.

(b)In an action or proceeding by or against a subsequent creditor who does not have knowledge to the contrary, a consumer's acknowledgment of the delivery of a copy of the credit document is conclusive proof that the creditor complied with this section.

Legislative history

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