Texas § BC.92.052 - REQUIRED DISCLOSURES
Full text of Texas The Texas Constitution § BC.92.052 — REQUIRED DISCLOSURES, with citation guidance and answers to common questions.
§ BC.92.052. REQUIRED DISCLOSURES
REQUIRED DISCLOSURES. (a) A rental-purchase agreement must disclose: (1) whether the merchandise is new or used; (2) the price for which the merchant would have sold the merchandise to the consumer for cash on the date of the agreement; (3) the amount and timing of payments; (4) the total number of payments necessary and the total amount to be paid to acquire ownership of the merchandise; (5) that the consumer does not acquire ownership rights unless the consumer complies with the ownership terms of the agreement; (6) the amount and purpose of any payment, charge, or fee in addition to the regular periodic payments; and (7) whether the consumer is liable for loss or damage to the merchandise and, if so, the maximum amount for which the consumer may be liable. (b) Notice of the right to reinstate the agreement must be disclosed in the agreement. Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278 ), Sec. 2.01, eff. April 1, 2009.
Frequently Asked Questions About Texas § BC.92.052
What does The Texas Constitution § BC.92.052 cover?
Section BC.92.052 ("REQUIRED DISCLOSURES") 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 § BC.92.052?
A common citation format is "The Texas Constitution § BC.92.052" (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 § BC.92.052 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.