Tex. Fin. Code § 353.407

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

Section 353.407 - Prohibition on Power of Attorney to Confess Judgment or Assignment of Wages

A retail installment contract may not contain:

(1) a power of attorney to confess judgment in this state; or

(2) an assignment of wages.

Tex. Fin. Code § 353.407

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