{"data":{"id":"us-tx/tex.-finance-code-398.056","jurisdiction":"us-tx","citation":"Tex. Finance Code § 398.056","heading":"CERTAIN AUTOMATIC DEBITS PROHIBITED.","body":"A provider or commercial sales-based financing broker may not establish a mechanism for automatically debiting a recipient's deposit account unless the provider or broker holds a validly perfected security interest in the recipient's account under Chapter 9, Business \u0026 Commerce Code, with a first priority against the claims of all other persons.\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#398.056","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"529a8a1b81a1231b39b27ba0daacbcba0bd5211f88d7e14fc65fcdd53061cfe7","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-398.055","next":"us-tx/tex.-finance-code-398.101"},"notice":"GroundRules: Original legal text. Not legal advice."}