Texas Finance Code - FIN § 398.051. Disclosures

(1) the total amount of the financing;

(2) the disbursement amount;

(3) the finance charge;

(4) the total repayment amount;

(5) the estimated period for the periodic payments to equal the total repayment amount under the terms of the financing;

(6) the payment amounts as follows:

(7) a description of all other potential fees and charges not included in the finance charge, including draw fees, late payment fees, and returned payment fees;

(8) any finance charge the recipient will be required to pay if the recipient pays off or refinances the commercial sales-based financing before the transaction is scheduled to be repaid in full;

(9) any additional fees, not included in the finance charge, the recipient will be required to pay if the recipient pays off or refinances the commercial sales-based financing before the transaction is scheduled to be repaid in full;

(10) a description of collateral requirements or security interests, if applicable;  and

(11) a statement outlining whether the provider will pay compensation directly to a commercial sales-based financing broker in connection with the specific offer of sales-based financing and, if applicable, the amount of the compensation.

(1) the amount of the new commercial sales-based financing used to pay off the portion of the outstanding balance of the existing commercial sales-based financing that consists of:

(2) if the disbursement amount will be reduced to pay down any unpaid portion of the outstanding balance, the actual dollar amount by which the disbursement amount will be reduced.