Texas § FI.347.308 - FEE FOR TRANSFER OF OBLIGOR ON DEBT
Full text of Texas The Texas Constitution § FI.347.308 — FEE FOR TRANSFER OF OBLIGOR ON DEBT, with citation guidance and answers to common questions.
§ FI.347.308. FEE FOR TRANSFER OF OBLIGOR ON DEBT
FEE FOR TRANSFER OF OBLIGOR ON DEBT. A creditor may: (1) agree to accept a subsequent consumer as an obligor under an existing obligation; and (2) charge a transfer fee that does not exceed the greater of: (A) $50; or (B) one-half of one percent of the unpaid balance of the credit transaction computed under Section 347.155 . Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. SUBCHAPTER H. ACTIONS ON DEFAULT
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.347.308
What does The Texas Constitution § FI.347.308 cover?
Section FI.347.308 ("FEE FOR TRANSFER OF OBLIGOR ON DEBT") 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.347.308?
A common citation format is "The Texas Constitution § FI.347.308" (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.347.308 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.