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Texas Finance Code - FIN § 347.053. Provisions Prohibited in Credit Document

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

A credit document may not:

(1) contain a power of attorney to confess judgment in this state;

(2) contain an assignment of wages;

(3) provide that the consumer agrees not to assert against a creditor or an assignee of the credit transaction a claim or defense arising out of the sale;  or

(4) authorize the creditor or a person acting on the creditor's behalf to:

(A) enter the consumer's premises unlawfully;  or

(B) commit a breach of the peace in the repossession of a manufactured home.

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Cite this article: FindLaw.com - Texas Finance Code - FIN § 347.053. Provisions Prohibited in Credit Document - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-347-053/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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