Tex. Finance Code § 347.152
This is the official text of Tex. Finance Code § 347.152, part of Texas’s Finance Code — regulates banks and other financial institutions.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§ 347.152. ALTERNATE METHOD OF AMENDMENT OF CREDIT TRANSACTION.
Official statutory text
(a) As an alternative to Section 347.151 the creditor, on the consumer's request, may agree to amend an original credit transaction by renewing, restating, or rescheduling the unpaid part of the total of payments.
(b) The charge for the amended credit transaction is computed on the unpaid balance of the transaction for the term of the transaction at the rate applicable to the transaction.
(c) For the purpose of Subsection (b), the unpaid balance of an amended credit transaction is computed by:
(1) adding:
(A) the unpaid balance of the transaction preceding the amendment;
(B) the cost of insurance incidental to the amendment;
(C) additional necessary official fees; and
(D) each accrued delinquency and collection charge; and
(2) subtracting from the total under Subdivision (1) the prepayment refund credit required by Section 347.155.
(d) The provisions of this chapter relating to minimum charges and acquisition costs do not apply to the computation of the unpaid balance for an amended credit transaction.
(b) The charge for the amended credit transaction is computed on the unpaid balance of the transaction for the term of the transaction at the rate applicable to the transaction.
(c) For the purpose of Subsection (b), the unpaid balance of an amended credit transaction is computed by:
(1) adding:
(A) the unpaid balance of the transaction preceding the amendment;
(B) the cost of insurance incidental to the amendment;
(C) additional necessary official fees; and
(D) each accrued delinquency and collection charge; and
(2) subtracting from the total under Subdivision (1) the prepayment refund credit required by Section 347.155.
(d) The provisions of this chapter relating to minimum charges and acquisition costs do not apply to the computation of the unpaid balance for an amended credit transaction.
Status: in_force · Read it on the official government site
Need a lawyer in Texas?
Find a Texas lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.