Tex. Finance Code § 347.256
This is the official text of Tex. Finance Code § 347.256, 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.
§ 347.256. CREDITOR'S ACTION ON CONSUMER'S FAILURE TO PAY TAXES.
Official statutory text
(a) If a consumer does not pay a tax that has been assessed against the manufactured home, the creditor may treat the failure as a default or may:
(1) pay to the appropriate taxing authority the unpaid tax and any interest or other charge due; and
(2) add to the unpaid balance of the credit transaction the amounts paid to the taxing authority and interest, at the interest rate or time price differential applicable to the transaction on the date payment is made.
(b) If the creditor pays a tax under this section, the creditor shall notify the consumer that:
(1) the tax and interest or other charges have been paid, as appropriate; and
(2) those amounts have been added to the unpaid balance of the credit transaction.
(c) The creditor may determine the period and number of installments in which the consumer is required to pay the amounts added to the unpaid balance, including payment of the entire amount on the date of the last installment, payment in equal increments added to each of the remaining installments, or payment in a lesser number of installments or unequal increments.
(1) pay to the appropriate taxing authority the unpaid tax and any interest or other charge due; and
(2) add to the unpaid balance of the credit transaction the amounts paid to the taxing authority and interest, at the interest rate or time price differential applicable to the transaction on the date payment is made.
(b) If the creditor pays a tax under this section, the creditor shall notify the consumer that:
(1) the tax and interest or other charges have been paid, as appropriate; and
(2) those amounts have been added to the unpaid balance of the credit transaction.
(c) The creditor may determine the period and number of installments in which the consumer is required to pay the amounts added to the unpaid balance, including payment of the entire amount on the date of the last installment, payment in equal increments added to each of the remaining installments, or payment in a lesser number of installments or unequal increments.
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.