Tex. Finance Code § 348.115
This is the official text of Tex. Finance Code § 348.115, 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.
§ 348.115. CHARGE FOR OTHER AMENDMENT.
Official statutory text
(a) If the unpaid balance of a retail installment contract is extended, renewed, restated, or rescheduled under this subchapter and Section 348.114 does not apply, the holder may collect an amount computed on the principal balance of the amended contract for the term of the amended contract at the time price differential for a retail installment contract that is applicable after reclassifying the motor vehicle by its model year at the time of the amendment.
(b) The principal balance of the amended contract is computed by:
(1) adding:
(A) the unpaid balance as of the date of amendment;
(B) the cost of any insurance incidental to the amendment;
(C) the amount of each additional necessary official fee; and
(D) the amount of each accrued delinquency or collection charge; and
(2) subtracting from the total computed under Subdivision (1) an amount equal to the prepayment refund credit required by Section 348.120 or 348.121, as applicable.
(c) The provisions of this chapter relating to minimum charges under Section 348.104 and acquisition costs under the refund schedule under Section 348.120 do not apply in computing the principal balance of the amended contract.
(b) The principal balance of the amended contract is computed by:
(1) adding:
(A) the unpaid balance as of the date of amendment;
(B) the cost of any insurance incidental to the amendment;
(C) the amount of each additional necessary official fee; and
(D) the amount of each accrued delinquency or collection charge; and
(2) subtracting from the total computed under Subdivision (1) an amount equal to the prepayment refund credit required by Section 348.120 or 348.121, as applicable.
(c) The provisions of this chapter relating to minimum charges under Section 348.104 and acquisition costs under the refund schedule under Section 348.120 do not apply in computing the principal balance of the amended contract.
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.