Texas § FI.353.102 - CONTRACT CONDITIONED ON SUBSEQUENT ASSIGNMENT PROHIBITED
Full text of Texas The Texas Constitution § FI.353.102 — CONTRACT CONDITIONED ON SUBSEQUENT ASSIGNMENT PROHIBITED, with citation guidance and answers to common questions.
§ FI.353.102. CONTRACT CONDITIONED ON SUBSEQUENT ASSIGNMENT PROHIBITED
CONTRACT CONDITIONED ON SUBSEQUENT ASSIGNMENT PROHIBITED. (a) A retail installment contract may not be conditioned on the subsequent assignment of the contract to a holder. (b) A provision in violation of this section is void. This subsection does not affect the validity of other provisions of the contract that may be given effect without the voided provision, and to that extent those provisions are severable. (c) This section does not create a private right of action. (d) The commissioner has exclusive jurisdiction to enforce this section. Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559 ), Sec. 17, eff. September 1, 2011.
Frequently Asked Questions About Texas § FI.353.102
What does The Texas Constitution § FI.353.102 cover?
Section FI.353.102 ("CONTRACT CONDITIONED ON SUBSEQUENT ASSIGNMENT PROHIBITED") 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.353.102?
A common citation format is "The Texas Constitution § FI.353.102" (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.353.102 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.