Texas Finance Code 353.116 – Confirmation of Amendment
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Terms Used In Texas Finance Code 353.116
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Contract: A legal written agreement that becomes binding when signed.
- Signed: includes any symbol executed or adopted by a person with present intention to authenticate a writing. See Texas Government Code 311.005
An amendment to a retail installment contract must be confirmed in a writing signed by the retail buyer. The holder shall:
(1) deliver a copy of the confirmation to the buyer; or
(2) mail a copy of the confirmation to the buyer at the buyer’s most recent address shown on the records of the holder.