Texas § 345.215 EFFECT OF ADDING PREMIUM TO CONTRACT OR AGREEMENT.

Texas Statutes

§ 345.215 — EFFECT OF ADDING PREMIUM TO CONTRACT OR AGREEMENT.

Texas § 345.215

Code FIFinance Code

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Bluebook

Tex. Finance Code Code Ann. § 345.215 (2026).

Text

Sec. 345.215. EFFECT OF ADDING PREMIUM TO CONTRACT OR AGREEMENT.

(a)If a premium is added to the unpaid balance of a retail installment contract under Section 345.206 or 345.214 , the rate of time price differential agreed to in the retail installment contract remains in effect and shall be applied to the new unpaid balance or the contract may be rescheduled in accordance with Section 345.070 .

(b)If a premium is added under a retail charge agreement, the premium shall be added to the unpaid balance under the agreement. SUBCHAPTER F. SPECIAL FEES AND FINANCE RATES

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Sec. 345.215. EFFECT OF ADDING PREMIUM TO CONTRACT OR AGREEMENT. (a) If a premium is added to the unpaid balance of a retail installment contract under Section 345.206 or 345.214 , the rate of time price differential agreed to in the retail installment contract remains in effect and shall be applied to the new unpaid balance or the contract may be rescheduled in accordance with Section 345.070 .
(b) If a premium is added under a retail charge agreement, the premium shall be added to the unpaid balance under the agreement.
SUBCHAPTER F. SPECIAL FEES AND FINANCE RATES