Texas Finance Code
§ 393.201 — FORM AND TERMS OF CONTRACT
FI § 393.201Title 5. PROTECTION OF CONSUMERS OF FINANCIAL SERVICES · Ch. 393. CREDIT SERVICES ORGANIZATIONS · Art. C. CONTRACT FOR SERVICES
Statute text
View on source(a)Each contract for the purchase of the services of a credit services organization by a consumer must be in writing, dated, and signed by the consumer.
(b)In addition to the notice required by Section 393.202, the contract must:
(1)contain the payment terms, including the total payments to be made by the consumer, whether to the organization or to another person;
(2)fully describe the services the organization is to perform for the consumer, including each guarantee and each promise of a full or partial refund and the estimated period for performing the services, not to exceed 180 days;
(3)contain the address of the organization's principal place of business; and
(4)contain the name and address of the organization's agent in this state authorized to receive service of process.
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Legislative history
Acts 2011, 82nd Leg., R.S., Ch. 1302 (H.B. 2594), Sec. 1, eff. January 1, 2012.