{"data":{"id":"us-tx/tex.-business-commerce-code-601.153","jurisdiction":"us-tx","citation":"Tex. Business \u0026 Commerce Code § 601.153","heading":"TRANSFER OF INDEBTEDNESS DURING CERTAIN PERIOD.","body":"A merchant may not negotiate, transfer, sell, or assign a note or other evidence of indebtedness to a finance company or other third party before midnight of the fifth business day after the date the contract pertaining to a consumer transaction was signed or the goods or services were purchased.\nAdded by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.","path":["BUSINESS AND COMMERCE CODE","TITLE 12. RIGHTS AND DUTIES OF CONSUMERS AND MERCHANTS","CHAPTER 601. CANCELLATION OF CERTAIN CONSUMER TRANSACTIONS","SUBCHAPTER D. PROHIBITED ACTS AND CONDUCT BY MERCHANT"],"source_url":"https://statutes.capitol.texas.gov/Docs/BC/htm/BC.601.htm#601.153","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:56Z","sha256":"90f40aaec278496cff2b630fd26d744f9c83aedd238072a8f56a5a3f5eeb6195","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-commerce-code-601.152","next":"us-tx/tex.-business-commerce-code-601.154"},"notice":"GroundRules: Original legal text. Not legal advice."}