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

Tex. Finance Code § 353.102: CONTRACT CONDITIONED ON SUBSEQUENT ASSIGNMENT PROHIBITED.

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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 353. COMMERCIAL MOTOR VEHICLE INSTALLMENT SALES
  5. SUBCHAPTER B. RETAIL INSTALLMENT CONTRACT

(a) A retail installment contract may not be conditioned on the subsequent assignment of the contract to a holder.

(b) A provision in violation of this section is void. This subsection does not affect the validity of other provisions of the contract that may be given effect without the voided provision, and to that extent those provisions are severable.

(c) This section does not create a private right of action.

(d) The commissioner has exclusive jurisdiction to enforce this section.

Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.

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

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