Texas Finance Code

§ 353.004 — CLASSIFICATION AS RETAIL INSTALLMENT TRANSACTION UNAFFECTED

FI § 353.004Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 353. COMMERCIAL MOTOR VEHICLE INSTALLMENT SALES · Art. A. GENERAL PROVISIONS

Statute text

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A transaction is not excluded as a retail installment transaction because:

(1)the retail seller arranges to transfer the retail buyer's obligation;

(2)the amount of any charge in the transaction is determined by reference to a chart or other information furnished by a financing institution;

(3)a form for all or part of the retail installment contract is furnished by a financing institution; or

(4)the credit standing of the retail buyer is evaluated by a financing institution.

Legislative history

Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.