Tex. Fin. Code § 154.156

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 154.156 - Waiver of Right of Cancellation
(a) The purchaser of a prepaid funeral benefits contract may irrevocably waive the purchaser's right to cancel the contract under Section 154.155. The waiver must be in a separate writing signed by the purchaser and the seller and must comply with the plain language requirements for the form of a sales contract under Section 154.151.
(b) A waiver made under this section does not affect:
(1) a right the purchaser has under the contract to change the beneficiary of the contract;
(2) the purchaser's right to cancel the contract under Section 154.413;
(3) an abandonment of the money paid by the purchaser under the contract as provided by Subchapter G; or
(4) a modification to the contract as provided by Section 154.1551.

Tex. Fin. Code § 154.156

Amended By Acts 2009, 81st Leg., R.S., Ch. 1190, Sec. 12, eff. 9/1/2009.
Amended by Acts 2001, 77th Leg., ch. 699, Sec. 9, eff. 9/1/2001.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.