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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Before an amendment of a credit transaction may take effect it must be:
(1) confirmed in writing;
(2) signed by the consumer; and
(3) returned to the creditor.
(b) The writing must state:
(1) the terms of the amendment; and
(2) the new due dates and amounts of the installments.
(c) The creditor shall:
(1) deliver a copy of the writing to the consumer; or
(2) mail a copy of the writing to the consumer's address shown on the credit document.
Cite this article: FindLaw.com - Texas Finance Code - FIN § 347.153. Requirements for Amendment - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-347-153/
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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