Texas Finance Code
§ 398.051 — DISCLOSURES
FI § 398.051Title 5. PROTECTION OF CONSUMERS OF FINANCIAL SERVICES · Ch. 398. COMMERCIAL SALES-BASED FINANCING · Art. B. REGULATION AND DISCLOSURE REQUIREMENTS
Statute text
View on source(a)If a provider extends a specific offer of commercial sales-based financing of less than $1 million to a recipient in this state, the provider shall disclose to the recipient:
(1)the total amount of the financing;
(2)the disbursement amount;
(3)the finance charge;
(4)the total repayment amount;
(5)the estimated period for the periodic payments to equal the total repayment amount under the terms of the financing;
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Legislative history
Added by Acts 2025, 89th Leg., R.S., Ch. 723 (H.B. 700), Sec. 1, eff. September 1, 2025.