Texas Finance Code 348.122 – Reinstatement of Contract After Demand for Payment
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Terms Used In Texas Finance Code 348.122
- Contract: A legal written agreement that becomes binding when signed.
After a demand for payment in full under a retail installment contract, the retail buyer and holder of the contract may:
(1) agree to reinstate the contract; and
(2) amend the contract as provided by § 348.113.