Application of Other Law

Commercial Sales-Based Financing · General Provisions

A sales-based financing transaction is not a form of an account purchase transaction for purposes of Section 306.103, regardless of the principal amount of the advance.

Official text of the Texas Finance Code as published by the Texas Legislative Council.

Official source

Legislative history

Added by Acts 2025, 89th Leg., R.S., Ch. 723 (H.B. 700), Sec. 1, eff. September 1, 2025.

This section refers to

§ 306.103