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Texas Business and Commerce Code - BUS & COM § 621.006. Deposit Requirements

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) In this section, “refundable deposit” means a deposit that is required to be returned in its entirety to a consumer if:

(1) it is paid by the consumer for a reservation used by the consumer;  or

(2) the consumer provides at least five possible reservation dates, none of which can be confirmed.

(b) An offeror may require a refundable deposit for a gift or prize involving lodging, airfare, a trip, or a recreational activity if the deposit requirement is fully, clearly, and conspicuously disclosed.

(c) A condition that restricts the refund of the deposit must be clearly and conspicuously disclosed in at least 10-point type on the solicitation.

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Cite this article: FindLaw.com - Texas Business and Commerce Code - BUS & COM § 621.006. Deposit Requirements - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-and-commerce-code/bus-com-sect-621-006/

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