{"data":{"id":"us-tx/tex.-finance-code-353.407","jurisdiction":"us-tx","citation":"Tex. Finance Code § 353.407","heading":"PROHIBITION ON POWER OF ATTORNEY TO CONFESS JUDGMENT OR ASSIGNMENT OF WAGES.","body":"A retail installment contract may not contain:\n(1) a power of attorney to confess judgment in this state; or\n(2) an assignment of wages.\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 E. HOLDER'S RIGHTS, DUTIES, AND LIMITATIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.353.htm#353.407","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"16b821e7ef1f90ca9c96e222a80618d97f2b480043e78ec02ac32084bf5daa69","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-353.406","next":"us-tx/tex.-finance-code-353.408"},"notice":"GroundRules: Original legal text. Not legal advice."}