Section 353.114 - Charges for Deferring Installment(a) If a retail installment contract is amended to defer all or a part of one or more installments for not longer than three months, the holder may collect from the retail buyer:(1) an amount computed on the amount deferred for the period of deferment at a rate that does not exceed the effective return for time price differential permitted for a monthly payment retail installment contract; and(2) the amount of the additional cost to the holder for:(A) premiums for continuing in force any insurance coverages provided for by the contract; and(B) any additional necessary official fees.(b) The minimum charge under Subsection (a)(1) is $1.Added by Acts 2011, 82nd Leg., R.S., Ch. 117, Sec. 17, eff. 9/1/2011.