Tex. Business & Commerce Code § 601.153
This is the official text of Tex. Business & Commerce Code § 601.153, part of Texas’s Business & Commerce Code — governs commercial transactions and general business practices.
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§ 601.153. TRANSFER OF INDEBTEDNESS DURING CERTAIN PERIOD.
Official statutory text
A merchant may not negotiate, transfer, sell, or assign a note or other evidence of indebtedness to a finance company or other third party before midnight of the fifth business day after the date the contract pertaining to a consumer transaction was signed or the goods or services were purchased.
Status: in_force · Read it on the official government site
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