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Tex. Finance Code § 345.069

DEFERMENT OF INSTALLMENT

Texas · Texas Finance Code · Status: effective

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Tex. Finance Code § 345.069, DEFERMENT OF INSTALLMENT, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/647372
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(a) A holder of a retail installment contract, on request of the retail buyer, may agree to defer the scheduled due date of all or part of one or more installments. (b) A holder may collect from the retail buyer for deferment of an installment: (1) a charge that is a part of the time price differential and computed on the amount deferred for the period of deferment at the monthly rate of 15 cents for each $10; and (2) the amount of the additional cost to the holder for: (A) premiums for continuing in force any insurance provided for by the contract; and (B) additional necessary official fees. (c) The minimum charge under Subsection (b)(1) is $1.