Tex. Finance Code § 345.052
This is the official text of Tex. Finance Code § 345.052, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 345.052. CONTENTS OF CONTRACT.
Official statutory text
(a) A retail installment contract must contain:
(1) the name of the retail seller and the name of the retail buyer;
(2) the place of business of the retail seller;
(3) the residence or other address of the retail buyer as specified by the retail buyer;
(4) the cash price;
(5) the amount of the retail buyer's down payment, specifying the amount paid in money and the amount allowed for goods traded in; and
(6) each itemized charge.
(b) A charge for insurance authorized under Subchapter E may be disclosed as provided by that subchapter.
(c) A retail installment contract must reasonably identify the goods sold or services furnished under the contract. Multiple items of goods or services may be described in a separate writing in detail sufficient to identify them.
(d) The contract must contain substantially the following notice printed or typed in at least 10-point type that is bold-faced, capitalized, or underlined or otherwise conspicuously set out from the surrounding written material:
(1) the name of the retail seller and the name of the retail buyer;
(2) the place of business of the retail seller;
(3) the residence or other address of the retail buyer as specified by the retail buyer;
(4) the cash price;
(5) the amount of the retail buyer's down payment, specifying the amount paid in money and the amount allowed for goods traded in; and
(6) each itemized charge.
(b) A charge for insurance authorized under Subchapter E may be disclosed as provided by that subchapter.
(c) A retail installment contract must reasonably identify the goods sold or services furnished under the contract. Multiple items of goods or services may be described in a separate writing in detail sufficient to identify them.
(d) The contract must contain substantially the following notice printed or typed in at least 10-point type that is bold-faced, capitalized, or underlined or otherwise conspicuously set out from the surrounding written material:
Status: in_force · Read it on the official government site
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