Finance Code › Title 4 › Chapter 342 › Subchapter K

Texas Finance Code § 342.504

Confession of Judgment; Power of Attorney

Consumer Loans · Limitations on Authorized Lender

A lender may not take a confession of judgment or a power of attorney authorizing the lender or a third person to confess judgment or to appear for a borrower in a judicial proceeding.

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

Official source
Legislative history

Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.