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Current as of January 01, 2024 | Updated by FindLaw Staff
(a) A retail installment contract is required for each retail installment transaction. A retail installment contract may be more than one document.
(b) A retail installment contract must be:
(1) in writing;
(2) dated;
(3) signed by the retail buyer and retail seller; and
(4) completed as to all essential provisions before it is signed by the retail buyer except as provided by Subsection (d).
(c) The printed part of a retail installment contract, other than instructions for completion, must be in at least eight-point type unless a different size of type is required under this subchapter.
(d) If the motor vehicle is not delivered when the retail installment contract is executed, the following information may be inserted after the contract is executed:
(1) the identifying numbers or marks of the vehicle or similar information; and
(2) the due date of the first installment.
Cite this article: FindLaw.com - Texas Finance Code - FIN § 348.101. Retail Installment Contract General Requirements - last updated January 01, 2024 | https://codes.findlaw.com/tx/finance-code/fin-sect-348-101/
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 or via Westlaw before relying on it for your legal needs.
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