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Texas Business and Commerce Code - BUS & COM § 92.053. Other Required Provisions

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

A rental-purchase agreement must provide that:

(1) any charge in addition to periodic payments must be reasonably related to the service performed; and

(2) a consumer who fails to make a timely payment may reinstate an agreement, without losing any right or option previously acquired, by taking the required action before the later of:

(A) one week after the due date of the payment; or

(B) the number of days after the due date of the payment that is equal to half the number of days in a regular payment period.

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Cite this article: FindLaw.com - Texas Business and Commerce Code - BUS & COM § 92.053. Other Required Provisions - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-and-commerce-code/bus-com-sect-92-053/

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