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Texas Finance Code - FIN § 347.504. Creditor's Liability for Oral or Unsolicited Written Statement of Amount Owed

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

On a credit transaction a creditor is not liable for an oral statement of an amount owed or for a written statement of an amount owed that is not solicited by a debtor unless the statement:

(1) is made with a demand by a creditor that the consumer pay an amount that exceeds the amount authorized by this subtitle;  or

(2) is contained in a solicitation to renew or refinance existing debt.

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Cite this article: FindLaw.com - Texas Finance Code - FIN § 347.504. Creditor's Liability for Oral or Unsolicited Written Statement of Amount Owed - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-347-504/

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