Texas § FI.347.501 - CREDITOR'S LIABILITY RELATED TO DEPOSIT

Full text of Texas The Texas Constitution § FI.347.501 — CREDITOR'S LIABILITY RELATED TO DEPOSIT, with citation guidance and answers to common questions.

§ FI.347.501. CREDITOR'S LIABILITY RELATED TO DEPOSIT

CREDITOR'S LIABILITY RELATED TO DEPOSIT. A creditor is liable for the penalty provided by Section 349.003 if the creditor: (1) fails to order the manufactured home or fails to hold the manufactured home in inventory in accordance with the deposit agreement under Section 347.303 or 347.304, respectively; or (2) retains as a deposit an amount that exceeds the amount authorized by Subchapter H. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Source: official Texas text · Last verified 2026-08-27

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Frequently Asked Questions About Texas § FI.347.501

What does The Texas Constitution § FI.347.501 cover?

Section FI.347.501 ("CREDITOR'S LIABILITY RELATED TO DEPOSIT") 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.347.501?

A common citation format is "The Texas Constitution § FI.347.501" (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.347.501 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.