Tex. Finance Code § 348.301
AUTHORITY TO ACQUIRE
Texas · Texas Finance Code · Status: effective
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- Citation
- Tex. Finance Code § 348.301, AUTHORITY TO ACQUIRE, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/647607
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Full text
A person may acquire a retail installment contract or an outstanding balance under a contract from another person on the terms, including the price, to which they agree. Notwithstanding any other applicable law of this state, no person acquiring or assigning a retail installment contract, or any balance under a contract, has any duty to disclose to any other person the terms on which a contract or balance under a contract is acquired, including any discount or difference between the rates, charges, or balance under the contract and the rates, charges, or balance acquired.