Texas Finance Code 353.005 – Cash Price
Current as of: 2024 | Check for updates
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(a) The cash price is the price at which the retail seller offers in the ordinary course of business to sell for cash the goods or services that are subject to the transaction. An advertised price does not necessarily establish a cash price.
(b) The cash price does not include any finance charge.
Terms Used In Texas Finance Code 353.005
- Finance charge: The total cost of credit a customer must pay on a consumer loan, including interest. The Truth in Lending Act requires disclosure of the finance charge. Source: OCC
(c) At the retail seller’s option, the cash price may include:
(1) the price of accessories;
(2) the price of services related to the sale;
(3) the price of service contracts;
(4) taxes; and
(5) fees for license, title, and registration.