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Texas Finance Code

§ 353.101 — RETAIL INSTALLMENT CONTRACT GENERAL REQUIREMENTS

FI § 353.101Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 353. COMMERCIAL MOTOR VEHICLE INSTALLMENT SALES · Art. B. RETAIL INSTALLMENT CONTRACT

Statute text

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(a)A retail installment contract is required for each retail installment transaction in which the retail buyer is purchasing a commercial vehicle. A retail installment contract may be more than one document.
(b)A retail installment contract must be:
(1)in writing;
(2)dated;
(3)signed by the retail buyer and retail seller; and
(4)completed as to all essential provisions before it is signed by the retail buyer except as provided by Subsection (d).

Legislative history

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