A retail installment contract may not contain:
(1) a power of attorney to confess judgment in this state; or
(2) an assignment of wages.
Official text of the Texas Finance Code as published by the Texas Legislative Council.
Finance Code › Title 4 › Chapter 348 › Subchapter E
Texas Finance Code § 348.410
Prohibition on Power of Attorney to Confess Judgment or Assignment of Wages
Motor Vehicle Installment Sales · Holder's Rights, Duties, and Limitations
Legislative history
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.