Section 92.054 - Prohibited Provisions(a) A rental-purchase agreement may not:(1) require a consumer to:(A) pay a late charge or reinstatement fee except as provided by Section 92.055(b);(B) make a payment at the end of the scheduled rental-purchase term in excess of or in addition to a regular periodic payment to acquire ownership of the merchandise; or(C) purchase insurance or a loss damage waiver from the merchant to cover the merchandise;(2) require a confession of judgment;(3) authorize a merchant or an agent of the merchant to commit a breach of the peace in repossessing merchandise; or(4) waive a defense, counterclaim, or right the consumer may have against the merchant or an agent of the merchant.(b) A consumer may not in any event be required to pay a sum greater than the total amount to be paid to acquire ownership of the merchandise as disclosed under Section 92.052(a)(4).Tex. Bus. and Comm. Code § 92.054
Added by Acts 2007, 80th Leg., R.S., Ch. 885, Sec. 2.01, eff. 4/1/2009.