Texas Finance Code 154.252 – Retention of Money for Expenses
Current as of: 2024 | Check for updates
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Terms Used In Texas Finance Code 154.252
- Contract: A legal written agreement that becomes binding when signed.
The seller of a trust-funded prepaid funeral benefits contract may retain for the seller’s use and benefit an amount not to exceed one-half of all money collected or paid until the seller has received an amount equal to 10 percent of the total amount the purchaser agreed to pay under the contract.