{"data":{"id":"us-tx/tex.-finance-code-353.114","jurisdiction":"us-tx","citation":"Tex. Finance Code § 353.114","heading":"CHARGES FOR DEFERRING INSTALLMENT.","body":"(a) If a retail installment contract is amended to defer all or a part of one or more installments for not longer than three months, the holder may collect from the retail buyer:\n(1) an amount computed on the amount deferred for the period of deferment at a rate that does not exceed the effective return for time price differential permitted for a monthly payment retail installment contract; and\n(2) the amount of the additional cost to the holder for:\n(A) premiums for continuing in force any insurance coverages provided for by the contract; and\n(B) any additional necessary official fees.\n(b) The minimum charge under Subsection (a)(1) is $1.\nAdded by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.","path":["FINANCE CODE","TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS","SUBTITLE B. LOANS AND FINANCED TRANSACTIONS","CHAPTER 353. COMMERCIAL MOTOR VEHICLE INSTALLMENT SALES","SUBCHAPTER B. RETAIL INSTALLMENT CONTRACT"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.353.htm#353.114","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"402a471c9696c0bbca43a09d1b713e307b496dc09357d24506cc3fd00d9227e1","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-353.113","next":"us-tx/tex.-finance-code-353.115"},"notice":"GroundRules: Original legal text. Not legal advice."}