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Tex. Finance Code § 345.059

PRINCIPAL BALANCE COMPUTATION

Texas · Texas Finance Code · Status: effective

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Tex. Finance Code § 345.059, PRINCIPAL BALANCE COMPUTATION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/647362
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The principal balance of a retail installment contract is computed by: (1) adding the cash price subject to the contract and the total of the contract's itemized charges, including a documentary fee authorized under Section 345.251; and (2) subtracting the amount of the retail buyer's down payment in money and goods from the amount computed under Subdivision (1).