Texas § FI.345.005 - ITEMIZED CHARGE

§ FI.345.005. ITEMIZED CHARGE

ITEMIZED CHARGE. An amount charged to a retail buyer in a retail installment contract or retail charge agreement is an itemized charge if the amount is not included in the cash price and is the amount of: (1) fees prescribed by law for filing, recording, or otherwise perfecting, releasing, or satisfying a security interest created in connection with a retail installment transaction or nonfiling insurance premiums as authorized by Section 345.212 ; (2) fees for registration or a certificate of title; (3) any taxes; (4) fees or charges prescribed by law and connected with the sale or inspection of the goods or services subject to the contract or agreement; (5) premiums and other charges for insurance authorized by Subchapter E; (6) official fees for a construction permit or the filing or recording of a construction permit; (7) a documentary fee authorized under Section 345.251 ; (8) in a retail installment transaction involving modernization, rehabilitation, repair, alteration, improvement, or construction of real property, reasonable and necessary costs, including amounts, paid by the holder: (A) for title insurance or title examination and opinion that does not exceed the amount set by the commissioner of insurance for title insurance for the transaction; (B) to a person who is not a salaried employee of the holder for an appraisal or inspection or for investigating the credit standing or creditworthiness of the retail buyer; or (C) to an attorney who is not a salaried employee of the holder as a legal fee for the preparation of documents in connection with the transaction; and (9) charges for a debt cancellation agreement under Chapter 354 . Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by: Acts 2017, 85th Leg., R.S., Ch. 183 (S.B. 1052 ), Sec. 1, eff. September 1, 2017.