Tex. Fin. Code § 345.106

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

Section 345.106 - Processing Fee For Returned Check

A retail charge agreement may provide that the holder of the agreement may:

(1) charge the retail buyer, on return of a dishonored check given in payment under the agreement, a reasonable processing fee that does not exceed the amount prescribed by Section 3.506, Business & Commerce Code ; and

(2) add the fee to the unpaid balance under the agreement.

Tex. Fin. Code § 345.106

Amended by Acts 2023, Texas Acts of the 88th Leg.- Regular Session, ch. 159,Sec. 16, eff. 9/1/2023.

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