Finance Code › Title 4 › Chapter 342 › Subchapter A

Texas Finance Code § 342.009

Return of Property in Sale-Leaseback Transaction

Consumer Loans · General Provisions; Applicability of Chapter

The seller in a sale-leaseback agreement may terminate the agreement at any time by returning the property to the buyer in substantially the same condition as when the agreement was entered, less reasonable wear. On return of the property the seller is liable only for rental and other allowed charges under the agreement accruing before the date of the return.

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

Official source
Legislative history

Added by Acts 2001, 77th Leg., ch. 1235, Sec. 13, eff. Sept. 1, 2001.