Texas Finance Code

§ 353.122 — REINSTATEMENT OF CONTRACT AFTER DEMAND FOR PAYMENT

FI § 353.122Title 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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After a demand for payment in full under a retail installment contract, the retail buyer and holder of the contract may:

(1)agree to reinstate the contract; and

(2)amend the contract as provided by Section 353.113.

Legislative history

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