Texas § 345.068 BAILMENT OR LEASE AS RETAIL INSTALLMENT TRANSACTION.

Texas Statutes

§ 345.068 — BAILMENT OR LEASE AS RETAIL INSTALLMENT TRANSACTION.

Texas § 345.068

Code FIFinance Code

This text of Texas § 345.068 (BAILMENT OR LEASE AS RETAIL INSTALLMENT TRANSACTION.) 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. § 345.068 (2026).

Text

Sec. 345.068. BAILMENT OR LEASE AS RETAIL INSTALLMENT TRANSACTION. A bailment or lease is a retail installment transaction if the bailee or lessee:

(1)contracts to pay as compensation for the use of goods an amount that substantially equals or exceeds the value of those goods; and

(2)on full compliance with the bailment or lease is bound to become the owner of the goods or has the option to become the owner of the goods for no or nominal additional consideration.

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Sec. 345.068. BAILMENT OR LEASE AS RETAIL INSTALLMENT TRANSACTION. A bailment or lease is a retail installment transaction if the bailee or lessee:
(1) contracts to pay as compensation for the use of goods an amount that substantially equals or exceeds the value of those goods; and
(2) on full compliance with the bailment or lease is bound to become the owner of the goods or has the option to become the owner of the goods for no or nominal additional consideration.