Texas § FI.347.152 - ALTERNATE METHOD OF AMENDMENT OF CREDIT TRANSACTION
Full text of Texas The Texas Constitution § FI.347.152 — ALTERNATE METHOD OF AMENDMENT OF CREDIT TRANSACTION, with citation guidance and answers to common questions.
§ FI.347.152. ALTERNATE METHOD OF AMENDMENT OF CREDIT TRANSACTION
ALTERNATE METHOD OF AMENDMENT OF CREDIT TRANSACTION. (a) As an alternative to Section 347.151 the creditor, on the consumer's request, may agree to amend an original credit transaction by renewing, restating, or rescheduling the unpaid part of the total of payments. (b) The charge for the amended credit transaction is computed on the unpaid balance of the transaction for the term of the transaction at the rate applicable to the transaction. (c) For the purpose of Subsection (b), the unpaid balance of an amended credit transaction is computed by: (1) adding: (A) the unpaid balance of the transaction preceding the amendment; (B) the cost of insurance incidental to the amendment; (C) additional necessary official fees; and (D) each accrued delinquency and collection charge; and (2) subtracting from the total under Subdivision (1) the prepayment refund credit required by Section 347.155 . (d) The provisions of this chapter relating to minimum charges and acquisition costs do not apply to the computation of the unpaid balance for an amended credit transaction. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.347.152
What does The Texas Constitution § FI.347.152 cover?
Section FI.347.152 ("ALTERNATE METHOD OF AMENDMENT OF CREDIT TRANSACTION") 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 § FI.347.152?
A common citation format is "The Texas Constitution § FI.347.152" (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 § FI.347.152 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.