Tex. Finance Code § 347.504
This is the official text of Tex. Finance Code § 347.504, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 347.504. CREDITOR'S LIABILITY FOR ORAL OR UNSOLICITED WRITTEN STATEMENT OF AMOUNT OWED.
Official statutory text
On a credit transaction a creditor is not liable for an oral statement of an amount owed or for a written statement of an amount owed that is not solicited by a debtor unless the statement:
(1) is made with a demand by a creditor that the consumer pay an amount that exceeds the amount authorized by this subtitle; or
(2) is contained in a solicitation to renew or refinance existing debt.
(1) is made with a demand by a creditor that the consumer pay an amount that exceeds the amount authorized by this subtitle; or
(2) is contained in a solicitation to renew or refinance existing debt.
Status: in_force · Read it on the official government site
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