§ 353.401 Seller’s Promise to Pay or Tender of Cash to Buyer as Part of Transaction
§ 353.402 Seller’s Action for Incentive Program or to Pay for Buyer’s Motor Vehicle
§ 353.403 Statement of Payments and Amount Due Under Contract
§ 353.404 Receipt for Cash Payment
§ 353.405 Outstanding Balance Information; Payment in Full
§ 353.406 Liability Relating to Outstanding Balance Information
§ 353.407 Prohibition On Power of Attorney to Confess Judgment or Assignment of Wages
§ 353.408 Prohibition On Certain Acts of Repossession
§ 353.409 Buyer’s Waiver
§ 353.410 Transfer of Equity
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Terms Used In Texas Finance Code Chapter 353 > Subchapter E - Holder's Rights, Duties, and Limitations

  • Appraisal: A determination of property value.
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Contract: A legal written agreement that becomes binding when signed.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
  • Property: means real and personal property. See Texas Government Code 311.005
  • Signed: includes any symbol executed or adopted by a person with present intention to authenticate a writing. See Texas Government Code 311.005
  • Trustee: A person or institution holding and administering property in trust.
  • Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005