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Texas Finance Code - FIN § 345.059. Principal Balance Computation

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

The principal balance of a retail installment contract is computed by:

(1) adding the cash price subject to the contract and the total of the contract's itemized charges, including a documentary fee authorized under Section 345.251; and

(2) subtracting the amount of the retail buyer's down payment in money and goods from the amount computed under Subdivision (1).

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Cite this article: FindLaw.com - Texas Finance Code - FIN § 345.059. Principal Balance Computation - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-345-059/

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