{"data":{"id":"us-tx/tex.-finance-code-345.059","jurisdiction":"us-tx","citation":"Tex. Finance Code § 345.059","heading":"PRINCIPAL BALANCE COMPUTATION.","body":"The principal balance of a retail installment contract is computed by:\n(1) adding the cash price subject to the contract and the total of the contract's itemized charges, including a documentary fee authorized under Section 345.251; and\n(2) subtracting the amount of the retail buyer's down payment in money and goods from the amount computed under Subdivision (1).\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["FINANCE CODE","TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS","SUBTITLE B. LOANS AND FINANCED TRANSACTIONS","CHAPTER 345. RETAIL INSTALLMENT SALES","SUBCHAPTER B. RETAIL INSTALLMENT CONTRACT"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.345.htm#345.059","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"ea221d65ec749036981bdc5a30f48603f6c470460605222e934026b7e001104b","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-345.058","next":"us-tx/tex.-finance-code-345.060"},"notice":"GroundRules: Original legal text. Not legal advice."}