Texas Finance Code

§ 353.112 — BUYER'S ACKNOWLEDGMENT OF DELIVERY OF CONTRACT COPY

FI § 353.112Title 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)Any retail buyer's acknowledgment of delivery of a copy of the retail installment contract must:

(1)be in at least 10-point type that is boldfaced, capitalized, or underlined or otherwise conspicuously set out from the surrounding written material; and

(2)appear directly above the buyer's signature.

(b)Any retail buyer's acknowledgment conforming to this section of delivery of a copy of the retail installment contract is, in an action or proceeding by or against a holder of the contract who was without knowledge to the contrary when the holder purchased it, conclusive proof:

(1)that the copy was delivered to the buyer;

(2)that the contract did not contain a blank space that was required to have been completed under this chapter when the contract was signed by the buyer; and

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Legislative history

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