Texas Finance Code 345.051 – Retail Installment Contract General Requirements
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(a) A retail installment contract must be:
(1) in writing;
(2) dated;
(3) signed by the retail buyer; and
(4) completed as to all essential provisions, except as provided by § 345.064.
(b) The contract must be designated “Retail Installment Contract.”
Terms Used In Texas Finance Code 345.051
- Contract: A legal written agreement that becomes binding when signed.
- in writing: includes any representation of words, letters, or figures, whether by writing, printing, or other means. See Texas Government Code 312.011
- Signed: includes any symbol executed or adopted by a person with present intention to authenticate a writing. See Texas Government Code 311.005
(c) The printed or typed part of a retail installment contract, other than instructions for completion, must be in at least eight-point type unless a different size of type is required under this subchapter.