Tex. Fin. Code § 347.504

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

Section 347.504 - Creditor's Liability for Oral or Unsolicited Written Statement of Amount Owed

On a credit transaction a creditor is not liable for an oral statement of an amount owed or for a written statement of an amount owed that is not solicited by a debtor unless the statement:

(1) is made with a demand by a creditor that the consumer pay an amount that exceeds the amount authorized by this subtitle; or

(2) is contained in a solicitation to renew or refinance existing debt.

Tex. Fin. Code § 347.504

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