{"data":{"id":"us-tx/tex.-finance-code-398.055","jurisdiction":"us-tx","citation":"Tex. Finance Code § 398.055","heading":"UNENFORCEABILITY OF CERTAIN CONTRACT PROVISIONS.","body":"A commercial sales-based financing contract that contains a confession of judgment provision or any similar provision is void and unenforceable.\nAdded by Acts 2025, 89th Leg., R.S., Ch. 723 (H.B. 700), Sec. 1, eff. September 1, 2025.","path":["FINANCE CODE","TITLE 5. PROTECTION OF CONSUMERS OF FINANCIAL SERVICES","CHAPTER 398. COMMERCIAL SALES-BASED FINANCING","SUBCHAPTER B. REGULATION AND DISCLOSURE REQUIREMENTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.398.htm#398.055","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"59d5921174cf601461adaeac4b1f0a992c9a85574a06aab9e42fea14f9735e60","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-398.054","next":"us-tx/tex.-finance-code-398.056"},"notice":"GroundRules: Original legal text. Not legal advice."}