Tex. Finance Code § 347.501
This is the official text of Tex. Finance Code § 347.501, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 347.501. CREDITOR'S LIABILITY RELATED TO DEPOSIT.
Official statutory text
A creditor is liable for the penalty provided by Section 349.003 if the creditor:
(1) fails to order the manufactured home or fails to hold the manufactured home in inventory in accordance with the deposit agreement under Section 347.303 or 347.304, respectively; or
(2) retains as a deposit an amount that exceeds the amount authorized by Subchapter H.
(1) fails to order the manufactured home or fails to hold the manufactured home in inventory in accordance with the deposit agreement under Section 347.303 or 347.304, respectively; or
(2) retains as a deposit an amount that exceeds the amount authorized by Subchapter H.
Status: in_force · Read it on the official government site
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