Tex. Fin. Code § 353.408

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

Section 353.408 - Prohibition on Certain Acts of Repossession

A retail installment contract may not:

(1) authorize the holder or a person acting on the holder's behalf to:

(A) enter the retail buyer's premises in violation of Chapter 9, Business & Commerce Code; or

(B) commit a breach of the peace in the repossession of the commercial vehicle; or

(2) contain, or provide for the execution of, a power of attorney by the retail buyer appointing, as the buyer's agent in the repossession of the vehicle, the holder or a person acting on the holder's behalf.

Tex. Fin. Code § 353.408

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