{"data":{"id":"us-tx/tex.-business-commerce-code-21.052","jurisdiction":"us-tx","citation":"Tex. Business \u0026 Commerce Code § 21.052","heading":"REQUIRED DISCLOSURE.","body":"Before entering into a contract with a homeowner of a residence in foreclosure for the purchase of the services of a foreclosure consultant, the foreclosure consultant shall provide the homeowner written notice stating the following, in at least 14-point boldfaced type:\nNOTICE REQUIRED BY TEXAS LAW\n_______ (Name) or an associate of _________ (Name) cannot ask you to sign or have you sign any document that transfers any interest in your home or property to __________ (Name) or ___________ (Name's) associate.\n_______ (Name) or ________ (Name's) associate cannot guarantee you that they will be able to refinance your home or arrange for you to keep your home.\nYou may, at any time, cancel or rescind this contract, without penalty of any kind.\nIf you want to cancel this contract, mail or deliver a signed and dated copy of this notice of cancellation or rescission, or any other written notice, indicating your intent to cancel or rescind to _________________ (Name and address of foreclosure consultant) at ________________________ (Address of foreclosure consultant, including facsimile and electronic mail address).\nAs part of any cancellation or rescission, you (the homeowner) must repay any money spent on your behalf by _____________________ (Name of foreclosure consultant) prior to receipt of this notice and as a result of this agreement, within 60 days, along with interest calculated at the rate of eight percent per year.\nAdded by Acts 2011, 82nd Leg., R.S., Ch. 902 (S.B. 767), Sec. 1, eff. September 1, 2011.","path":["BUSINESS AND COMMERCE CODE","TITLE 2. COMPETITION AND TRADE PRACTICES","CHAPTER 21. REGULATION OF CERTAIN RESIDENTIAL FORECLOSURE CONSULTING SERVICES","SUBCHAPTER B. CONTRACT FOR SERVICES"],"source_url":"https://statutes.capitol.texas.gov/Docs/BC/htm/BC.21.htm#21.052","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:56Z","sha256":"6a0968d61b5323377fbdb76804e4d175b5d71fd9c1774f26804d1895b592065b","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-commerce-code-21.051","next":"us-tx/tex.-business-commerce-code-21.101"},"notice":"GroundRules: Original legal text. Not legal advice."}