Section 92.053 - Other Required Provisions A rental-purchase agreement must provide that:
(1) any charge in addition to periodic payments must be reasonably related to the service performed; and(2) a consumer who fails to make a timely payment may reinstate an agreement, without losing any right or option previously acquired, by taking the required action before the later of: (A) one week after the due date of the payment; or(B) the number of days after the due date of the payment that is equal to half the number of days in a regular payment period.Tex. Bus. and Comm. Code § 92.053
Added by Acts 2007, 80th Leg., R.S., Ch. 885, Sec. 2.01, eff. 4/1/2009.