Texas Finance Code

§ 353.113 — AMENDMENT OF RETAIL INSTALLMENT CONTRACT

FI § 353.113Title 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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On request by a retail buyer, the holder may agree to one or more amendments to the retail installment contract to:

(1)extend or defer the scheduled due date of all or a part of one or more installments; or

(2)renew, restate, or reschedule the unpaid balance under the contract.

Legislative history

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