Tex. Fin. Code § 353.406

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 353.406 - Liability Relating to Outstanding Balance Information

A holder who violates Section 353.405 is liable to the retail buyer or the buyer's designee in an amount computed by adding:

(1) three times the difference between the amount tendered and the amount sought by the holder at the time of tender;

(2) interest;

(3) reasonable attorney's fees; and

(4) costs.

Tex. Fin. Code § 353.406

Added by Acts 2011, 82nd Leg., R.S., Ch. 117, Sec. 17, eff. 9/1/2011.