{"data":{"id":"us-tx/tex.-finance-code-339.003","jurisdiction":"us-tx","citation":"Tex. Finance Code § 339.003","heading":"SALE OF OPEN-END ACCOUNT WITHOUT MERCHANT DISCOUNT.","body":"A seller or lessor may sell an open-end account credit agreement described by Section 339.002(a) or any balance under that agreement to a purchaser who purchases a substantial part of the seller's or lessor's open-end account credit agreements or balances under those agreements in accordance with Subchapter G, Chapter 345. A charge, fee, or discount on that sale:\n(1) is not a merchant discount;\n(2) does not disqualify the open-end account credit agreement or a balance under that agreement from being subject to Chapter 303 or from coverage under this section; and\n(3) does not subject the account to the limitations provided by Section 303.006(c).\nAmended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.","path":["FINANCE CODE","TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS","SUBTITLE A. INTEREST","CHAPTER 339. MISCELLANEOUS PROVISIONS RELATING TO INTEREST"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.339.htm#339.003","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"78c24496b353507ea5b0ff94e2f442f2309dfe8b1e35e9bdaeb681d68321dd0f","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-339.002","next":"us-tx/tex.-finance-code-339.004"},"notice":"GroundRules: Original legal text. Not legal advice."}