Finance Code › Title 4 › Chapter 348 › Subchapter E

Texas Finance Code § 348.409

Liability Relating to Outstanding Balance Information

Motor Vehicle Installment Sales · Holder's Rights, Duties, and Limitations

A holder who violates Section 348.408 is liable to the retail buyer or the buyer's designee in an amount computed by adding:

(1) three times the difference between the amount tendered and the amount sought by the holder at the time of tender;

(2) interest;

(3) reasonable attorney's fees; and

(4) costs.

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.

This section refers to

§ 348.408