Tex. Business & Commerce Code § 604.052
This is the official text of Tex. Business & Commerce Code § 604.052, part of Texas’s Business & Commerce Code — governs commercial transactions and general business practices.
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§ 604.052. FEES OR CHARGES THAT DECREASE UNREDEEMED BALANCE OF CARD.
Official statutory text
The issuer of a stored value card may impose or collect a periodic fee or other charge that causes the unredeemed balance of the card to decrease over time only if the fee:
(1) is reasonable;
(2) is not assessed until after the first anniversary of the date the card is sold or issued; and
(3) is disclosed as required by Subchapter C.
(1) is reasonable;
(2) is not assessed until after the first anniversary of the date the card is sold or issued; and
(3) is disclosed as required by Subchapter C.
Status: in_force · Read it on the official government site
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