Tex. Finance Code § 345.080
This is the official text of Tex. Finance Code § 345.080, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 345.080. OBLIGATION UNDER MORE THAN ONE CONTRACT.
Official statutory text
(a) A retail seller may not induce a person or a husband and wife to become obligated at substantially the same time under more than one retail installment contract with the same seller for the deliberate purpose of obtaining a greater amount of time price differential than is permitted under this chapter for one retail installment contract.
(b) A contract made by a retail buyer and retail seller after the 30th day after the date of a contract between that buyer and seller is presumed not to violate this section.
(b) A contract made by a retail buyer and retail seller after the 30th day after the date of a contract between that buyer and seller is presumed not to violate this section.
Status: in_force · Read it on the official government site
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