Texas Finance Code

§ 348.122 — REINSTATEMENT OF CONTRACT AFTER DEMAND FOR PAYMENT

FI § 348.122Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 348. MOTOR VEHICLE INSTALLMENT SALES · Art. B. RETAIL INSTALLMENT CONTRACT

Statute text

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After a demand for payment in full under a retail installment contract, the retail buyer and holder of the contract may:

(1)agree to reinstate the contract; and

(2)amend the contract as provided by Section 348.113.

Legislative history

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