Texas Finance Code

§ 398.055 — UNENFORCEABILITY OF CERTAIN CONTRACT PROVISIONS

FI § 398.055Title 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 commercial sales-based financing contract that contains a confession of judgment provision or any similar provision is void and unenforceable.

Legislative history

Added by Acts 2025, 89th Leg., R.S., Ch. 723 (H.B. 700), Sec. 1, eff. September 1, 2025.