Tex. Finance Code § 345.357
This is the official text of Tex. Finance Code § 345.357, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 345.357. PROHIBITION ON CERTAIN LIENS.
Official statutory text
A retail installment contract or retail charge agreement may not provide for a first lien on real property to secure the obligation, other than a lien:
(1) created by law on the recording of an abstract of judgment; or
(2) provided for or granted by a contract or series of contracts for the sale or construction and sale of a structure to be used as a residence if the time price differential provided in the contract or agreement does not exceed an annual percentage rate permitted under this chapter or Chapter 303.
(1) created by law on the recording of an abstract of judgment; or
(2) provided for or granted by a contract or series of contracts for the sale or construction and sale of a structure to be used as a residence if the time price differential provided in the contract or agreement does not exceed an annual percentage rate permitted under this chapter or Chapter 303.
Status: in_force · Read it on the official government site
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