Texas § FI.308.002 - FALSE, MISLEADING, OR DECEPTIVE ADVERTISING
Full text of Texas The Texas Constitution § FI.308.002 — FALSE, MISLEADING, OR DECEPTIVE ADVERTISING, with citation guidance and answers to common questions.
§ FI.308.002. FALSE, MISLEADING, OR DECEPTIVE ADVERTISING
FALSE, MISLEADING, OR DECEPTIVE ADVERTISING. (a) A creditor may not, in any manner, advertise or cause to be advertised a false, misleading, or deceptive statement or representation relating to a rate, term, or condition of a credit transaction or advertise credit terms that the person does not intend to offer to consumers who qualify for those terms. (b) This section does not create a private right of action. (c) In interpreting this section, an administrative agency or a court shall be guided by the applicable advertising provisions of: (1) Part C of the Truth in Lending Act (15 U.S.C. Section 1661 et seq.); (2) Regulation Z (12 C.F.R. Parts 226 and 1026) adopted by the Board of Governors of the Federal Reserve System and the Consumer Financial Protection Bureau; and (3) the Official Staff Commentary and other interpretations of that statute and regulation by the Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau, and the staff of those agencies. (d) If a requirement of this section and a requirement of a federal law, including a regulation or an interpretation of federal law, are inconsistent or in conflict, federal law controls and the inconsistent or conflicting requirements of this chapter do not apply. (e) A creditor who complies with the Truth in Lending Act (15 U.S.C. Section 1601 et seq.) and Regulation Z (12 C.F.R. Parts 226 and 1026) in advertising a credit transaction is considered to have fully complied with this section. Added by Acts 2005, 79th Leg., Ch. 1018 (H.B. 955 ), Sec. 1.01, eff. September 1, 2005. Amended by: Acts 2023, 88th Leg., R.S., Ch. 159 (S.B. 1371 ), Sec. 7, eff. September 1, 2023.
Frequently Asked Questions About Texas § FI.308.002
What does The Texas Constitution § FI.308.002 cover?
Section FI.308.002 ("FALSE, MISLEADING, OR DECEPTIVE ADVERTISING") 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.308.002?
A common citation format is "The Texas Constitution § FI.308.002" (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.308.002 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.