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

Tex. Finance Code § 348.409: LIABILITY RELATING TO OUTSTANDING BALANCE INFORMATION.

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Where this section sits in the code
  1. FINANCE CODE
  2. TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS
  3. SUBTITLE B. LOANS AND FINANCED TRANSACTIONS
  4. CHAPTER 348. MOTOR VEHICLE INSTALLMENT SALES
  5. SUBCHAPTER E. HOLDER'S RIGHTS, DUTIES, AND LIMITATIONS

A holder who violates Section 348.408 is liable to the retail buyer or the buyer's designee in an amount computed by adding:

(1) three times the difference between the amount tendered and the amount sought by the holder at the time of tender;

(2) interest;

(3) reasonable attorney's fees; and

(4) costs.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Collected 2026-08-27T01:47:13Z. Source file · JSON

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