Texas § FI.353.114 - CHARGES FOR DEFERRING INSTALLMENT

Full text of Texas The Texas Constitution § FI.353.114 — CHARGES FOR DEFERRING INSTALLMENT, with citation guidance and answers to common questions.

§ FI.353.114. CHARGES FOR DEFERRING INSTALLMENT

CHARGES FOR DEFERRING INSTALLMENT. (a) If a retail installment contract is amended to defer all or a part of one or more installments for not longer than three months, the holder may collect from the retail buyer: (1) an amount computed on the amount deferred for the period of deferment at a rate that does not exceed the effective return for time price differential permitted for a monthly payment retail installment contract; and (2) the amount of the additional cost to the holder for: (A) premiums for continuing in force any insurance coverages provided for by the contract; and (B) any additional necessary official fees. (b) The minimum charge under Subsection (a)(1) is $1. Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559 ), Sec. 17, eff. September 1, 2011.

Related Texas Legal Topics

Frequently Asked Questions About Texas § FI.353.114

What does The Texas Constitution § FI.353.114 cover?

Section FI.353.114 ("CHARGES FOR DEFERRING INSTALLMENT") 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.353.114?

A common citation format is "The Texas Constitution § FI.353.114" (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.353.114 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.