Tex. Fin. Code § 345.059

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 345.059 - Principal Balance Computation

The principal balance of a retail installment contract is computed by:

(1) adding the cash price subject to the contract and the total of the contract's itemized charges, including a documentary fee authorized under Section 345.251; and

(2) subtracting the amount of the retail buyer's down payment in money and goods from the amount computed under Subdivision (1).

Tex. Fin. Code § 345.059

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.