yourstate.us
Home / Texas / Finance Code
Tex. Finance Code § 398.056

CERTAIN AUTOMATIC DEBITS PROHIBITED

Texas · Texas Finance Code · Status: effective

Get this as JSONEmbed this
Cite this
Citation
Tex. Finance Code § 398.056, CERTAIN AUTOMATIC DEBITS PROHIBITED, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/648097
Permanent ID
ys:prov:648097@1
SHA-256
866dbaf7ccaabdefcc8b00f7df171f855787d5cbe92db9f2bd4b4ed896be55d3

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

A provider or commercial sales-based financing broker may not establish a mechanism for automatically debiting a recipient's deposit account unless the provider or broker holds a validly perfected security interest in the recipient's account under Chapter 9, Business & Commerce Code, with a first priority against the claims of all other persons.