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 353 › Subchapter E
Texas Finance Code § 353.407
Prohibition on Power of Attorney to Confess Judgment or Assignment of Wages
Commercial Motor Vehicle Installment Sales · Holder's Rights, Duties, and Limitations
Legislative history
Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.