{"data":{"id":"us-tx/tex.-finance-code-347.002","jurisdiction":"us-tx","citation":"Tex. Finance Code § 347.002","heading":"DEFINITIONS.","body":"(a) In this chapter:\n(1) \"Consumer\" means a person to whom credit is extended in a credit transaction. The term includes a comaker, endorser, guarantor, surety, or another person who is obligated to repay the extension of credit.\n(2) \"Credit document\" means a written instrument evidencing a credit transaction and includes all written agreements between each consumer and creditor that relate to that transaction.\n(3) \"Credit transaction\" means:\n(A) any sale, loan, or other transaction involving a retail purchase of a manufactured home and under which a person in a written agreement, including a credit sales contract or loan instrument, grants to another person a purchase money lien on the manufactured home to secure an extension of credit that is:\n(i) subject to a finance charge; or\n(ii) payable in more than four installments, not including a down payment; and\n(B) a lease or bailment described by Section 347.003.\n(4) \"Creditor\" means a:\n(A) person who extends credit or arranges for the extension of credit in a credit transaction; or\n(B) retailer or broker, as defined by Section 1201.003, Occupations Code, who participates in arranging for the extension of credit in a credit transaction.\n(5) \"Manufactured home\" has the meaning assigned by Section 1201.003, Occupations Code. The term includes furniture, appliances, drapes, carpets, wall coverings, and other items that are:\n(A) attached to or contained in the structure; and\n(B) included in the cash price and sold with the structure.\n(b) To the extent possible, a word or phrase used in this chapter, other than a term defined by this section, has the meaning assigned by the Truth in Lending Act (15 U.S.C. Section 1601 et seq.) and its subsequent amendments, as implemented by Regulation Z (12 C.F.R. Part 1026).\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2003, 78th Leg., ch. 1276, Sec. 14A.773, eff. Sept. 1, 2003.\nAmended by:\nActs 2017, 85th Leg., R.S., Ch. 408 (H.B. 2019), Sec. 72, eff. September 1, 2017.","path":["FINANCE CODE","TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS","SUBTITLE B. LOANS AND FINANCED TRANSACTIONS","CHAPTER 347. MANUFACTURED HOME CREDIT TRANSACTIONS","SUBCHAPTER A. GENERAL PROVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.347.htm#347.002","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"0ef199e61762c18470efbeaf8611c4817d73bf75d0d2efbb9b18642ed47bd026","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-347.001","next":"us-tx/tex.-finance-code-347.003"},"notice":"GroundRules: Original legal text. Not legal advice."}