Tex. Fin. Code § 347.501

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

Section 347.501 - Creditor's Liability Related to Deposit

A creditor is liable for the penalty provided by Section 349.003 if the creditor:

(1) fails to order the manufactured home or fails to hold the manufactured home in inventory in accordance with the deposit agreement under Section 347.303 or 347.304, respectively; or

(2) retains as a deposit an amount that exceeds the amount authorized by Subchapter H.

Tex. Fin. Code § 347.501

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