Texas § FI.347.503 - CREDITOR'S LIABILITY FOR ERROR IN PAY-OFF QUOTATION

Full text of Texas The Texas Constitution § FI.347.503 — CREDITOR'S LIABILITY FOR ERROR IN PAY-OFF QUOTATION, with citation guidance and answers to common questions.

§ FI.347.503. CREDITOR'S LIABILITY FOR ERROR IN PAY-OFF QUOTATION

CREDITOR'S LIABILITY FOR ERROR IN PAY-OFF QUOTATION. Notwithstanding Chapter 349 , a creditor that responds to a consumer's request for a pay-off quotation under this chapter by delivering to the consumer a written statement indicating that the consumer owes a total amount on the credit transaction that exceeds the amount authorized by this chapter is liable to the consumer under Section 349.003 . 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.347.503

What does The Texas Constitution § FI.347.503 cover?

Section FI.347.503 ("CREDITOR'S LIABILITY FOR ERROR IN PAY-OFF QUOTATION") 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.347.503?

A common citation format is "The Texas Constitution § FI.347.503" (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.347.503 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.