Texas Finance Code

§ 353.408 — PROHIBITION ON CERTAIN ACTS OF REPOSSESSION

FI § 353.408Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 353. COMMERCIAL MOTOR VEHICLE INSTALLMENT SALES · Art. E. HOLDER'S RIGHTS, DUTIES, AND LIMITATIONS

Statute text

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A retail installment contract may not:

(1)authorize the holder or a person acting on the holder's behalf to:

(A)enter the retail buyer's premises in violation of Chapter 9, Business & Commerce Code; or

(B)commit a breach of the peace in the repossession of the commercial vehicle; or

(2)contain, or provide for the execution of, a power of attorney by the retail buyer appointing, as the buyer's agent in the repossession of the vehicle, the holder or a person acting on the holder's behalf.

Legislative history

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