{"data":{"id":"us-tx/tex.-finance-code-393.304","jurisdiction":"us-tx","citation":"Tex. Finance Code § 393.304","heading":"FALSE OR MISLEADING REPRESENTATION OR STATEMENT.","body":"A credit services organization or a representative of the organization may not:\n(1) make or use a false or misleading representation in the offer or sale of the services of the organization, including:\n(A) guaranteeing to \"erase bad credit\" or words to that effect unless the representation clearly discloses this can be done only if the credit history is inaccurate or obsolete; and\n(B) guaranteeing an extension of consumer credit regardless of the person's credit history unless the representation clearly discloses the eligibility requirements for obtaining the extension; or\n(2) make, or advise a consumer to make, a statement relating to a consumer's credit worthiness, credit standing, or credit capacity that the person knows, or should know by the exercise of reasonable care, to be false or misleading to a:\n(A) consumer reporting agency; or\n(B) person who has extended consumer credit to a consumer or to whom a consumer is applying for an extension of consumer credit.\nActs 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.","path":["FINANCE CODE","TITLE 5. PROTECTION OF CONSUMERS OF FINANCIAL SERVICES","CHAPTER 393. CREDIT SERVICES ORGANIZATIONS","SUBCHAPTER D. PROHIBITIONS AND RESTRICTIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.393.htm#393.304","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"29f4a29b9ac7b06e8415954b856868dc2c5a382f1830e0083a57c9fd5221bbfa","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-393.303","next":"us-tx/tex.-finance-code-393.305"},"notice":"GroundRules: Original legal text. Not legal advice."}