Texas Statutes
§ 154.265 — DEFAULT UNDER CERTAIN CONTRACTS.
Texas § 154.265
JurisdictionTexas
Code FIFinance Code
This text of Texas § 154.265 (DEFAULT UNDER CERTAIN CONTRACTS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Finance Code Code Ann. § 154.265 (2026).
Text
Sec. 154.265. DEFAULT UNDER CERTAIN CONTRACTS.
(a)Notwithstanding any other law, the purchaser of a trust-funded prepaid funeral benefits contract may not be considered in default under the contract if:
(1)the purchaser has paid at least 85 percent of the contract price; and
(2)the purchaser was unable to pay due to extenuating financial circumstances.
(b)A funeral provider is not required to provide funeral merchandise or services under a trust-funded prepaid funeral benefits contract unless any remaining balance, including any applicable finance charge, owed under the contract is paid before the funeral service or the funeral provider agrees in writing to another payment arrangement.
(c)This section does not affect a purchaser's right to cancel a trust-funded prepaid funeral benefit
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Legislative History
Added by Acts 2009, 81st Leg., R.S., Ch. 263 (H.B. 1468 ), Sec. 1, eff. September 1, 2009.
Nearby Sections
15
§ 154.001
PURPOSE.§ 154.002
DEFINITIONS.§ 154.003
EFFECT ON INSURANCE LAWS.§ 154.004
GROUP INSURANCE CONTRACTS.§ 154.051
ADMINISTRATION OF CHAPTER; FEES.§ 154.052
ANNUAL REPORT.§ 154.053
RECORDS; EXAMINATION.§ 154.054
EXAMINATION FEE.§ 154.056
PAYMENT OF RESTITUTION MONEY.§ 154.101
PERMIT REQUIREMENT.§ 154.102
PERMIT APPLICATION; FEE.§ 154.103
ISSUANCE OF PERMIT.§ 154.104
TERM OF PERMIT.§ 154.105
PROHIBITION ON TRANSFER OF PERMIT.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 154.265, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/FI/154.265.