Texas § 345.052 CONTENTS OF CONTRACT.

Texas Statutes

§ 345.052 — CONTENTS OF CONTRACT.

Texas § 345.052

Code FIFinance Code

This text of Texas § 345.052 (CONTENTS OF CONTRACT.) 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. § 345.052 (2026).

Text

Sec. 345.052. CONTENTS OF CONTRACT.

(a)A retail installment contract must contain:

(1)the name of the retail seller and the name of the retail buyer;

(2)the place of business of the retail seller;

(3)the residence or other address of the retail buyer as specified by the retail buyer;

(4)the cash price;

(5)the amount of the retail buyer's down payment, specifying the amount paid in money and the amount allowed for goods traded in; and

(6)each itemized charge.

(b)A charge for insurance authorized under Subchapter E may be disclosed as provided by that subchapter.

(c)A retail installment contract must reasonably identify the goods sold or services furnished under the contract. Multiple items of goods or services may be described in a separate writing in detail sufficient to identify

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 345.052. CONTENTS OF CONTRACT. (a) A retail installment contract must contain:
(1) the name of the retail seller and the name of the retail buyer;
(2) the place of business of the retail seller;
(3) the residence or other address of the retail buyer as specified by the retail buyer;
(4) the cash price;
(5) the amount of the retail buyer's down payment, specifying the amount paid in money and the amount allowed for goods traded in; and
(6) each itemized charge.
(b) A charge for insurance authorized under Subchapter E may be disclosed as provided by that subchapter.
(c) A retail installment contract must reasonably identify the goods sold or services furnished under the contract. Multiple items of goods or services may be described in a separate writing in detail sufficient to identify them.
(d) The contract must contain substantially the following notice printed or typed in at least 10-point type that is bold-faced, capitalized, or underlined or otherwise conspicuously set out from the surrounding written material:
"NOTICE TO THE BUYER. DO NOT SIGN THIS CONTRACT BEFORE YOU READ IT OR IF IT CONTAINS BLANK SPACES. YOU ARE ENTITLED TO A COPY OF THE CONTRACT YOU SIGN. UNDER THE LAW YOU HAVE THE RIGHT TO PAY OFF IN ADVANCE THE FULL AMOUNT DUE AND UNDER CERTAIN CONDITIONS MAY OBTAIN A PARTIAL REFUND OF THE FINANCE CHARGE. KEEP THIS CONTRACT TO PROTECT YOUR LEGAL RIGHTS."