Texas Finance Code 347.054 – Consumer’s Acknowledgment of Delivery of Credit Document
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(a) A consumer‘s acknowledgment of the delivery of a copy of the credit document is conclusive proof that:
(1) the document was delivered to the consumer; and
(2) the document did not contain a blank space that was required by this chapter to have been filled when the document was signed by the consumer.
(b) In an action or proceeding by or against a subsequent creditor who does not have knowledge to the contrary, a consumer’s acknowledgment of the delivery of a copy of the credit document is conclusive proof that the creditor complied with this section.
Terms Used In Texas Finance Code 347.054
- Consumer: means a person to whom credit is extended in a credit transaction. See Texas Finance Code 347.002
- Credit document: means a written instrument evidencing a credit transaction and includes all written agreements between each consumer and creditor that relate to that transaction. See Texas Finance Code 347.002
- Creditor: means a:
(A) person who extends credit or arranges for the extension of credit in a credit transaction; or
(B) retailer or broker, as defined by § 1201. See Texas Finance Code 347.002 - Signed: includes any symbol executed or adopted by a person with present intention to authenticate a writing. See Texas Government Code 311.005