Texas Finance Code
§ 348.409 — LIABILITY RELATING TO OUTSTANDING BALANCE INFORMATION
FI § 348.409Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 348. MOTOR VEHICLE INSTALLMENT SALES · Art. E. HOLDER'S RIGHTS, DUTIES, AND LIMITATIONS
Statute text
View on sourceA holder who violates Section 348.408 is liable to the retail buyer or the buyer's designee in an amount computed by adding:
(1)three times the difference between the amount tendered and the amount sought by the holder at the time of tender;
(2)interest;
(3)reasonable attorney's fees; and
(4)costs.
Legislative history
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.