Texas Finance Code

§ 348.008 — APPLICABILITY OF OTHER STATUTES TO RETAIL INSTALLMENT TRANSACTION

FI § 348.008Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 348. MOTOR VEHICLE INSTALLMENT SALES · Art. A. GENERAL PROVISIONS

Statute text

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(a)A loan or interest statute of this state, other than Chapter 303, does not apply to a retail installment transaction.

(b)Except as provided by this chapter, an applicable statute, including Title 1, Business & Commerce Code, or a principle of common law continues to apply to a retail installment transaction unless it is displaced by this chapter.

Legislative history

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