Tex. Occ. Code § 2153.254

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

Section 2153.254 - Written Agreement Required

A license holder may extend or lend credit only if the credit transaction is evidenced by a written agreement that:

(1) is signed by the parties to the agreement; and

(2) specifies the:

(A) credit amount;

(B) consideration for the credit transaction; and

(C) terms governing repayment.

Tex. Occ. Code § 2153.254

Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. 9/1/1999.