Texas § 303.203 AUTOMOBILE CLUB MEMBERSHIP OFFERED IN CONNECTION WITH A LOAN.

Texas Statutes

§ 303.203 — AUTOMOBILE CLUB MEMBERSHIP OFFERED IN CONNECTION WITH A LOAN.

Texas § 303.203

Code FIFinance Code

This text of Texas § 303.203 (AUTOMOBILE CLUB MEMBERSHIP OFFERED IN CONNECTION WITH A LOAN.) 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. § 303.203 (2026).

Text

Sec. 303.203. AUTOMOBILE CLUB MEMBERSHIP OFFERED IN CONNECTION WITH A LOAN.

(a)A lender may, at the time or after a loan is made, offer to sell to the borrower and finance in a loan contract subject to this subtitle a charge for an automobile club membership.

(b)The lender may not require the purchase of the membership authorized under Subsection (a) as a condition for approval of the loan.

(c)The borrower shall provide the lender with written acknowledgment of the borrower's intent to purchase the membership.

(d)The amount charged for a membership as authorized by Subsection (a) must be reasonable. SUBCHAPTER D. LIMITATIONS ON APPLICABILITY OF CHAPTER

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Sec. 303.203. AUTOMOBILE CLUB MEMBERSHIP OFFERED IN CONNECTION WITH A LOAN. (a) A lender may, at the time or after a loan is made, offer to sell to the borrower and finance in a loan contract subject to this subtitle a charge for an automobile club membership.
(b) The lender may not require the purchase of the membership authorized under Subsection (a) as a condition for approval of the loan.
(c) The borrower shall provide the lender with written acknowledgment of the borrower's intent to purchase the membership.
(d) The amount charged for a membership as authorized by Subsection (a) must be reasonable.
SUBCHAPTER D. LIMITATIONS ON APPLICABILITY OF CHAPTER

Legislative History

Added by Acts 2005, 79th Leg., Ch. 252 (H.B. 1088 ), Sec. 1, eff. September 1, 2005. Amended by: Acts 2011, 82nd Leg., R.S., Ch. 1182 (H.B. 3453 ), Sec. 4, eff. September 1, 2011.