(a) Except as provided by Subsection (d), a financial institution shall disclose the information provided in this subchapter to a customer before the customer selects or modifies an account.
(a-1) A financial institution is considered to have disclosed the information provided in this subchapter if:
(1) the financial institution uses the form provided by § 113.052; and
(2) the customer signs the acknowledgment provided at the end of the form.

(b) If a financial institution varies the format of the form provided by § 113.052, the financial institution shall disclose the information provided by this subchapter separately from other account information except that the financial institution may disclose that information as part of other account documentation if the disclosures are the first items of the documentation.
(c) The financial institution shall notify the customer of the type of account the customer selected. This requirement is satisfied by providing the customer with a copy of the account opening or modification documentation, as appropriate, in paper or electronic format.
(d) If a type of multiple-party account is not available from a financial institution, the financial institution is not required to make a disclosure about that type of account.
(e) This section does not apply to:
(1) a credit union; or
(2) an account that is opened or modified by a customer who:
(A) is a legal entity, including a governmental entity; or
(B) is acting as a legal representative for another person.