Texas § FI.348.517 - LICENSE HOLDER'S RECORDS
Full text of Texas The Texas Constitution § FI.348.517 — LICENSE HOLDER'S RECORDS, with citation guidance and answers to common questions.
§ FI.348.517. LICENSE HOLDER'S RECORDS
LICENSE HOLDER'S RECORDS; DOCUMENT RETENTION REQUIREMENTS. (a) A license holder shall maintain a record of each retail installment transaction made under this chapter as is necessary to enable the commissioner to determine whether the license holder is complying with this chapter. (b) A license holder shall keep the record until the later of: (1) the fourth anniversary of the date of the retail installment transaction; or (2) the second anniversary of the date on which the final entry is made in the record. (c) A record described by Subsection (a) must be prepared in accordance with accepted accounting practices. (d) The commissioner shall accept a license holder's system of records if the system discloses the information reasonably required under Subsection (a). (e) A license holder shall keep each obligation signed by a retail buyer at an office in this state designated by the license holder unless the obligation is transferred under an agreement that gives the commissioner access to the obligation. Added by Acts 2001, 77th Leg., ch. 1235, Sec. 18, eff. Sept. 1, 2001. Amended by: Acts 2009, 81st Leg., R.S., Ch. 676 (H.B. 2438 ), Sec. 11, eff. September 1, 2009. Acts 2009, 81st Leg., R.S., Ch. 676 (H.B. 2438 ), Sec. 12, eff. September 1, 2009.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § FI.348.517
What does The Texas Constitution § FI.348.517 cover?
Section FI.348.517 ("LICENSE HOLDER'S RECORDS") 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.348.517?
A common citation format is "The Texas Constitution § FI.348.517" (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.348.517 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.