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

Tex. Finance Code § 349.503: CERTAIN PROCEEDINGS IN CONNECTION WITH SALE-LEASEBACK TRANSACTION.

Where this section sits in the code

FINANCE CODE
TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS
SUBTITLE B. LOANS AND FINANCED TRANSACTIONS
CHAPTER 349. PENALTIES AND LIABILITIES
SUBCHAPTER F. CRIMINAL OFFENSES

(a) If a buyer in a sale-leaseback transaction requires the seller to provide a check as security for the transaction, the buyer may not file or threaten to file a charge, complaint, or criminal prosecution under Section 31.03, 31.04, or 32.41, Penal Code, based on nonpayment of the check.

(b) A buyer who violates Subsection (a) commits an offense. An offense under this section is a misdemeanor punishable by a fine of not more than $1,000.

Added by Acts 2001, 77th Leg., ch. 1235, Sec. 19, eff. Sept. 1, 2001.

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

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