GroundRules
Tex. Business & Commerce Code § 601.153: TRANSFER OF INDEBTEDNESS DURING CERTAIN PERIOD.
Where this section sits in the code
- BUSINESS AND COMMERCE CODE
- TITLE 12. RIGHTS AND DUTIES OF CONSUMERS AND MERCHANTS
- CHAPTER 601. CANCELLATION OF CERTAIN CONSUMER TRANSACTIONS
- SUBCHAPTER D. PROHIBITED ACTS AND CONDUCT BY MERCHANT
A merchant may not negotiate, transfer, sell, or assign a note or other evidence of indebtedness to a finance company or other third party before midnight of the fifth business day after the date the contract pertaining to a consumer transaction was signed or the goods or services were purchased.
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.
Collected 2026-08-27T01:46:56Z. Source file · JSON