Tex. Finance Code § 353.303
This is the official text of Tex. Finance Code § 353.303, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 353.303. PAYMENT BY BUYER.
Official statutory text
Unless a retail buyer has notice of the assignment or negotiation of the buyer's retail installment contract or an outstanding balance under the contract, a payment by the buyer to the most recent holder known to the buyer is binding on all subsequent holders.
Status: in_force · Read it on the official government site
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