Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Business & Commerce Code § 604.052: FEES OR CHARGES THAT DECREASE UNREDEEMED BALANCE OF CARD.

Where this section sits in the code

BUSINESS AND COMMERCE CODE
TITLE 12. RIGHTS AND DUTIES OF CONSUMERS AND MERCHANTS
CHAPTER 604. SALE OR ISSUANCE OF STORED VALUE CARD
SUBCHAPTER B. PERMISSIBLE FEES

The issuer of a stored value card may impose or collect a periodic fee or other charge that causes the unredeemed balance of the card to decrease over time only if the fee:

(1) is reasonable;

(2) is not assessed until after the first anniversary of the date the card is sold or issued; and

(3) is disclosed as required by Subchapter C.

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

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