Tex. Finance Code § 348.108
CHARGES FOR COLLECTING DEBT
Texas · Texas Finance Code · Status: effective
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- Citation
- Tex. Finance Code § 348.108, CHARGES FOR COLLECTING DEBT, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/647572
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Full text
A retail installment contract may provide for the payment of:
(1) reasonable attorney's fees if the contract is referred for collection to an attorney who is not a salaried employee of the holder;
(2) court costs and disbursements; and
(3) reasonable out-of-pocket expenses incurred in connection with the repossession or sequestration of the motor vehicle securing the payment of the contract or foreclosure of a security interest in the vehicle, including the costs of storing, reconditioning, and reselling the vehicle, subject to the standards of good faith and commercial reasonableness set by Title 1, Business & Commerce Code.