Texas Finance Code 345.112 – Agreement Balance Statement
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(a) At the end of each statement period of a retail charge agreement in which an unpaid balance exists, the retail seller shall provide to the retail buyer a statement of the unpaid balance.
(b) The statement must set out that the retail buyer at any time may pay all or any part of the unpaid balance.
Terms Used In Texas Finance Code 345.112
- in writing: includes any representation of words, letters, or figures, whether by writing, printing, or other means. See Texas Government Code 312.011
- Month: means a calendar month. See Texas Government Code 312.011
(c) In this section, “statement period” means a monthly period, which is not required to be a calendar month. The term may include a regular period, other than a monthly period, to which the retail charge agreement parties agree in writing.