Tex. Finance Code § 347.053
This is the official text of Tex. Finance Code § 347.053, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 347.053. PROVISIONS PROHIBITED IN CREDIT DOCUMENT.
Official statutory text
A credit document may not:
(1) contain a power of attorney to confess judgment in this state;
(2) contain an assignment of wages;
(3) provide that the consumer agrees not to assert against a creditor or an assignee of the credit transaction a claim or defense arising out of the sale; or
(4) authorize the creditor or a person acting on the creditor's behalf to:
(A) enter the consumer's premises unlawfully; or
(B) commit a breach of the peace in the repossession of a manufactured home.
(1) contain a power of attorney to confess judgment in this state;
(2) contain an assignment of wages;
(3) provide that the consumer agrees not to assert against a creditor or an assignee of the credit transaction a claim or defense arising out of the sale; or
(4) authorize the creditor or a person acting on the creditor's behalf to:
(A) enter the consumer's premises unlawfully; or
(B) commit a breach of the peace in the repossession of a manufactured home.
Status: in_force · Read it on the official government site
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