Texas § FI.339.003 - SALE OF OPEN-END ACCOUNT WITHOUT MERCHANT DISCOUNT
Full text of Texas The Texas Constitution § FI.339.003 — SALE OF OPEN-END ACCOUNT WITHOUT MERCHANT DISCOUNT, with citation guidance and answers to common questions.
§ FI.339.003. SALE OF OPEN-END ACCOUNT WITHOUT MERCHANT DISCOUNT
SALE OF OPEN-END ACCOUNT WITHOUT MERCHANT DISCOUNT. A seller or lessor may sell an open-end account credit agreement described by Section 339.002 (a) or any balance under that agreement to a purchaser who purchases a substantial part of the seller's or lessor's open-end account credit agreements or balances under those agreements in accordance with Subchapter G , Chapter 345 . A charge, fee, or discount on that sale: (1) is not a merchant discount; (2) does not disqualify the open-end account credit agreement or a balance under that agreement from being subject to Chapter 303 or from coverage under this section; and (3) does not subject the account to the limitations provided by Section 303.006 (c). Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.339.003
What does The Texas Constitution § FI.339.003 cover?
Section FI.339.003 ("SALE OF OPEN-END ACCOUNT WITHOUT MERCHANT DISCOUNT") 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.339.003?
A common citation format is "The Texas Constitution § FI.339.003" (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 § FI.339.003 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.