Tex. Finance Code § 348.301
This is the official text of Tex. Finance Code § 348.301, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 348.301. AUTHORITY TO ACQUIRE.
Official statutory text
A person may acquire a retail installment contract or an outstanding balance under a contract from another person on the terms, including the price, to which they agree. Notwithstanding any other applicable law of this state, no person acquiring or assigning a retail installment contract, or any balance under a contract, has any duty to disclose to any other person the terms on which a contract or balance under a contract is acquired, including any discount or difference between the rates, charges, or balance under the contract and the rates, charges, or balance acquired.
Status: in_force · Read it on the official government site
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