GroundRules
Tex. Business & Commerce Code § 92.053: OTHER REQUIRED PROVISIONS.
Where this section sits in the code
- BUSINESS AND COMMERCE CODE
- TITLE 5. REGULATION OF BUSINESSES AND SERVICES
- SUBTITLE B. RENTAL PRACTICES
- CHAPTER 92. RENTAL-PURCHASE AGREEMENTS
- SUBCHAPTER B. FORM AND CONTENT OF AGREEMENTS
A rental-purchase agreement must provide that:
(1) any charge in addition to periodic payments must be reasonably related to the service performed; and
(2) a consumer who fails to make a timely payment may reinstate an agreement, without losing any right or option previously acquired, by taking the required action before the later of:
(A) one week after the due date of the payment; or
(B) the number of days after the due date of the payment that is equal to half the number of days in a regular payment period.
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