Occupations Code › Title 13 › Chapter 2153 › Subchapter F

Texas Occupations Code § 2153.254

Written Agreement Required

Coin-Operated Machines · Credit Transactions

A license holder may extend or lend credit only if the credit transaction is evidenced by a written agreement that:

(1) is signed by the parties to the agreement; and

(2) specifies the:

(A) credit amount;

(B) consideration for the credit transaction; and

(C) terms governing repayment.

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

Official source
Legislative history

Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999.