Texas Finance Code 345.158 – Retail Charge Agreement to Which Subchapter Does Not Apply
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Terms Used In Texas Finance Code 345.158
- Lien: A claim against real or personal property in satisfaction of a debt.
This subchapter does not apply to a retail charge agreement that:
(1) is a home solicitation transaction that is subject to Chapter 601, Business & Commerce Code;
(2) is secured by a lien on the obligor’s homestead; and
(3) provides for credit that is extended by the retail seller or the seller’s owner, subsidiary, or corporate affiliate.