Texas Finance Code 348.111 – Buyer’s Right to Rescind Contract
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Finance Code 348.111
- Contract: A legal written agreement that becomes binding when signed.
Until the retail seller complies with § 348.110, a retail buyer who has not received delivery of the motor vehicle is entitled to:
(1) rescind the contract;
(2) receive a refund of all payments made under or in contemplation of the contract; and
(3) receive the return of all goods traded in to the retail seller under or in contemplation of the contract or, if those goods cannot be returned, to receive the value of those goods.