Finance Code › Title 4 › Chapter 349 › Subchapter F

Texas Finance Code § 349.503

Certain Proceedings in Connection with Sale-Leaseback Transaction

Penalties and Liabilities · Criminal Offenses

(a) If a buyer in a sale-leaseback transaction requires the seller to provide a check as security for the transaction, the buyer may not file or threaten to file a charge, complaint, or criminal prosecution under Section 31.03, 31.04, or 32.41, Penal Code, based on nonpayment of the check.

(b) A buyer who violates Subsection (a) commits an offense. An offense under this section is a misdemeanor punishable by a fine of not more than $1,000.

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. 19, eff. Sept. 1, 2001.

Other codes referenced

Penal § 31.03Penal § 31.04Penal § 32.41