Tex. Finance Code § 345.356
This is the official text of Tex. Finance Code § 345.356, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 345.356. BUYER'S WAIVER.
Official statutory text
(a) A retail installment contract or retail charge agreement may not:
(1) provide for a waiver of the retail buyer's rights of action against the holder or a person acting on the holder's behalf for an illegal act committed in:
(A) the collection of payments under the contract or agreement; or
(B) the repossession of goods; or
(2) provide that the retail buyer agrees not to assert against the retail seller a claim or defense arising out of the sale.
(b) A retail buyer may not waive any provision of this chapter before or at the time of the making of a retail installment contract, retail charge agreement, or purchase under the contract or agreement.
(1) provide for a waiver of the retail buyer's rights of action against the holder or a person acting on the holder's behalf for an illegal act committed in:
(A) the collection of payments under the contract or agreement; or
(B) the repossession of goods; or
(2) provide that the retail buyer agrees not to assert against the retail seller a claim or defense arising out of the sale.
(b) A retail buyer may not waive any provision of this chapter before or at the time of the making of a retail installment contract, retail charge agreement, or purchase under the contract or agreement.
Status: in_force · Read it on the official government site
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