Finance Code › Title 3 › Chapter 154 › Subchapter F

Texas Finance Code § 154.254

Amount Payable on Cancellation of Contract

Prepaid Funeral Services · Trust-Funded Prepaid Funeral Benefits

A purchaser of a trust-funded prepaid funeral benefits contract who cancels the contract during the first year of the contract when payments required under the contract are current is entitled to receive, regardless of the amount held in trust, the greater of:

(1) 90 percent of the actual amount paid by the purchaser; or

(2) the amount deposited in trust with respect to the purchaser's contract.

Official text of the Texas Finance Code as published by the Texas Legislative Council.

Official source
Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Sections that refer to this one

§ 154.155§ 154.263