Tex. Finance Code § 303.203
AUTOMOBILE CLUB MEMBERSHIP OFFERED IN CONNECTION WITH A LOAN
Texas · Texas Finance Code · Status: effective
Cite this
- Citation
- Tex. Finance Code § 303.203, AUTOMOBILE CLUB MEMBERSHIP OFFERED IN CONNECTION WITH A LOAN, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/647074
- Permanent ID
ys:prov:647074@1- SHA-256
511a0690f76dc2ebc37b9d788f76f2edb3df0bf09665e640ae5d658cc774bc15
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) A lender may, at the time or after a loan is made, offer to sell to the borrower and finance in a loan contract subject to this subtitle a charge for an automobile club membership.
(b) The lender may not require the purchase of the membership authorized under Subsection (a) as a condition for approval of the loan.
(c) The borrower shall provide the lender with written acknowledgment of the borrower's intent to purchase the membership.
(d) The amount charged for a membership as authorized by Subsection (a) must be reasonable.