Texas Finance Code
§ 354.004 — REQUIRED DEBT CANCELLATION AGREEMENT LANGUAGE
FI § 354.004Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 354. DEBT CANCELLATION AGREEMENTS FOR CERTAIN RETAIL VEHICLE INSTALLMENT SALES
Statute text
View on sourceA debt cancellation agreement must state:
(1)the contact information of the retail seller, the holder, and any administrator of the agreement;
(2)the name and address of the retail buyer;
(3)the cost and term of the debt cancellation agreement;
(4)the procedure the retail buyer must follow to obtain benefits under the terms of the debt cancellation agreement, including a telephone number and address where the retail buyer may provide notice under the debt cancellation agreement;
(5)the period during which the retail buyer is required to notify the retail seller, the holder, or any administrator of the agreement of any potential loss under the debt cancellation agreement for total loss or theft of the covered vehicle;
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