Tex. Finance Code § 398.055: UNENFORCEABILITY OF CERTAIN CONTRACT PROVISIONS.
Where this section sits in the code
- FINANCE CODE
- TITLE 5. PROTECTION OF CONSUMERS OF FINANCIAL SERVICES
- CHAPTER 398. COMMERCIAL SALES-BASED FINANCING
- SUBCHAPTER B. REGULATION AND DISCLOSURE REQUIREMENTS
A commercial sales-based financing contract that contains a confession of judgment provision or any similar provision is void and unenforceable.
Added by Acts 2025, 89th Leg., R.S., Ch. 723 (H.B. 700), Sec. 1, eff. September 1, 2025.
Collected 2026-08-27T01:47:13Z. Source file · JSON