Texas § FI.345.053 - DISCLOSURE OF PROMISE TO COMPENSATE FOR REFERRAL
Full text of Texas The Texas Constitution § FI.345.053 — DISCLOSURE OF PROMISE TO COMPENSATE FOR REFERRAL, with citation guidance and answers to common questions.
§ FI.345.053. DISCLOSURE OF PROMISE TO COMPENSATE FOR REFERRAL
DISCLOSURE OF PROMISE TO COMPENSATE FOR REFERRAL. (a) A written or oral promise of a retail seller to compensate a retail buyer for referring customers or prospective customers to the seller or for referring the seller to customers or prospective customers must be disclosed in a retail installment contract if the promise is: (1) part of the contract; (2) made to induce the buyer to become a party to the contract; or (3) made incidental to negotiations between the seller and the buyer with respect to the sale of the goods or services that are the subject of the contract. (b) A contract that contains a provision required by Subsection (a) must provide that the amount owed under the contract at any time is reduced by the amount of compensation owed under the promise. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.345.053
What does The Texas Constitution § FI.345.053 cover?
Section FI.345.053 ("DISCLOSURE OF PROMISE TO COMPENSATE FOR REFERRAL") 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.345.053?
A common citation format is "The Texas Constitution § FI.345.053" (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.345.053 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.