Section 348.102 - Contents of Contract(a) A retail installment contract must contain:(1) the name of the retail seller and the name of the retail buyer;(2) the place of business or address of the retail seller;(3) the residence or other address of the retail buyer as specified by the retail buyer;(4) a description of the motor vehicle being sold;(5) the cash price of the retail installment transaction;(6) the amount of any down payment by the retail buyer, specifying the amounts paid in money and in goods traded in; and(7) each itemized charge.(b) A charge for insurance, a service contract, or a warranty authorized by Subchapter C may be disclosed as provided by that subchapter.(c) A retail installment contract that provides for a variable contract rate must set out the method by which the rate is computed.(d) The contract must contain substantially the following notice in at least 10-point type that is bold-faced, capitalized, or underlined or otherwise conspicuously set out from the surrounding written material: "NOTICE TO THE BUYER--DO NOT SIGN THIS CONTRACT BEFORE YOU READ IT OR IF IT CONTAINS ANY BLANK SPACES. YOU ARE ENTITLED TO A COPY OF THE CONTRACT YOU SIGN. UNDER THE LAW YOU HAVE THE RIGHT TO PAY OFF IN ADVANCE THE FULL AMOUNT DUE AND UNDER CERTAIN CONDITIONS MAY OBTAIN A PARTIAL REFUND OF THE FINANCE CHARGE. KEEP THIS CONTRACT TO PROTECT YOUR LEGAL RIGHTS."
Amended By Acts 2009, 81st Leg., R.S., Ch. 238, Sec. 8, eff. 9/1/2009. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. 9/1/1997.