Texas § IN.1153.003 - DEFINITIONS
Full text of Texas The Texas Constitution § IN.1153.003 — DEFINITIONS, with citation guidance and answers to common questions.
§ IN.1153.003. DEFINITIONS
DEFINITIONS. In this chapter: (1) "Credit accident and health insurance" means insurance to provide indemnity for payments that become due on a specific credit transaction of a debtor when the debtor is disabled, as defined in the insurance policy. (2) "Credit life insurance" means insurance on the life of a debtor in connection with a specific credit transaction. (3) "Credit transaction" includes the lending of money. (4) "Creditor" means: (A) a person who lends money or who sells or leases goods, services, property, rights, or privileges, for which the payment is arranged through a credit transaction; (B) a successor to the right, title, or interest of a person described by Paragraph (A); or (C) a person who is in any way associated with a person described by Paragraph (A) or (B), including a director, officer, employee, affiliate, associate, or subsidiary of the person described by Paragraph (A) or (B). (5) "Debtor" means a person who borrows money or who purchases or leases goods, services, property, rights, or privileges, the payment for which is arranged through a credit transaction. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
Frequently Asked Questions About Texas § IN.1153.003
What does The Texas Constitution § IN.1153.003 cover?
Section IN.1153.003 ("DEFINITIONS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.1153.003?
A common citation format is "The Texas Constitution § IN.1153.003" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.1153.003 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.