Tex. Finance Code § 353.406: LIABILITY RELATING TO OUTSTANDING BALANCE INFORMATION.
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 353. COMMERCIAL MOTOR VEHICLE INSTALLMENT SALES
- SUBCHAPTER E. HOLDER'S RIGHTS, DUTIES, AND LIMITATIONS
A holder who violates Section 353.405 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.
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