Tex. Finance Code § 348.102
This is the official text of Tex. Finance Code § 348.102, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 348.102. CONTENTS OF CONTRACT.
Official statutory text
(a) A retail installment contract must contain:
(1) the name of the retail seller and the name of the retail buyer;
(2) the place of business or address of the retail seller;
(3) the residence or other address of the retail buyer as specified by the retail buyer;
(4) a description of the motor vehicle being sold;
(5) the cash price of the retail installment transaction;
(6) the amount of any down payment by the retail buyer, specifying the amounts paid in money and in goods traded in; and
(7) each itemized charge.
(b) A charge for insurance, a service contract, or a warranty authorized by Subchapter C may be disclosed as provided by that subchapter.
(c) A retail installment contract that provides for a variable contract rate must set out the method by which the rate is computed.
(d) The contract must contain substantially the following notice in at least 10-point type that is bold-faced, capitalized, or underlined or otherwise conspicuously set out from the surrounding written material:
(1) the name of the retail seller and the name of the retail buyer;
(2) the place of business or address of the retail seller;
(3) the residence or other address of the retail buyer as specified by the retail buyer;
(4) a description of the motor vehicle being sold;
(5) the cash price of the retail installment transaction;
(6) the amount of any down payment by the retail buyer, specifying the amounts paid in money and in goods traded in; and
(7) each itemized charge.
(b) A charge for insurance, a service contract, or a warranty authorized by Subchapter C may be disclosed as provided by that subchapter.
(c) A retail installment contract that provides for a variable contract rate must set out the method by which the rate is computed.
(d) The contract must contain substantially the following notice in at least 10-point type that is bold-faced, capitalized, or underlined or otherwise conspicuously set out from the surrounding written material:
Status: in_force · Read it on the official government site
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