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Tex. Finance Code § 348.121

AMOUNT OF REFUND CREDIT FOR OTHER CONTRACTS

Texas · Texas Finance Code · Status: effective

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Tex. Finance Code § 348.121, AMOUNT OF REFUND CREDIT FOR OTHER CONTRACTS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/647585
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The minimum amount of the refund credit on a retail installment contract to which Section 348.120 does not apply shall be computed in a manner proportionate to the method set out by that section for the type of motor vehicle being sold, having due regard for: (1) the amount of each installment; (2) the irregularity of the installment periods; and (3) the requirements of Sections 348.104(f) and 348.106.