Finance Code › Title 4 › Chapter 353 › Subchapter E

Texas Finance Code § 353.406

Liability Relating to Outstanding Balance Information

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

A holder who violates Section 353.405 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

Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.

This section refers to

§ 353.405