Texas § 345.069 DEFERMENT OF INSTALLMENT.

Texas Statutes

§ 345.069 — DEFERMENT OF INSTALLMENT.

Texas § 345.069

Code FIFinance Code

This text of Texas § 345.069 (DEFERMENT OF INSTALLMENT.) 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. § 345.069 (2026).

Text

Sec. 345.069. DEFERMENT OF INSTALLMENT.

(a)A holder of a retail installment contract, on request of the retail buyer, may agree to defer the scheduled due date of all or part of one or more installments.

(b)A holder may collect from the retail buyer for deferment of an installment:

(1)a charge that is a part of the time price differential and computed on the amount deferred for the period of deferment at the monthly rate of 15 cents for each $10; and

(2)the amount of the additional cost to the holder for:

(A)premiums for continuing in force any insurance provided for by the contract; and

(B)additional necessary official fees.

(c)The minimum charge under Subsection (b)(1) is $1.

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Sec. 345.069. DEFERMENT OF INSTALLMENT. (a) A holder of a retail installment contract, on request of the retail buyer, may agree to defer the scheduled due date of all or part of one or more installments.
(b) A holder may collect from the retail buyer for deferment of an installment:
(1) a charge that is a part of the time price differential and computed on the amount deferred for the period of deferment at the monthly rate of 15 cents for each $10; and
(2) the amount of the additional cost to the holder for:
(A) premiums for continuing in force any insurance provided for by the contract; and
(B) additional necessary official fees.
(c) The minimum charge under Subsection (b)(1) is $1.