Texas § 345.357 PROHIBITION ON CERTAIN LIENS.

Texas Statutes

§ 345.357 — PROHIBITION ON CERTAIN LIENS.

Texas § 345.357

Code FIFinance Code

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Bluebook

Tex. Finance Code Code Ann. § 345.357 (2026).

Text

Sec. 345.357. PROHIBITION ON CERTAIN LIENS. A retail installment contract or retail charge agreement may not provide for a first lien on real property to secure the obligation, other than a lien:

(1)created by law on the recording of an abstract of judgment; or

(2)provided for or granted by a contract or series of contracts for the sale or construction and sale of a structure to be used as a residence if the time price differential provided in the contract or agreement does not exceed an annual percentage rate permitted under this chapter or Chapter 303 .

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Sec. 345.357. PROHIBITION ON CERTAIN LIENS. A retail installment contract or retail charge agreement may not provide for a first lien on real property to secure the obligation, other than a lien:
(1) created by law on the recording of an abstract of judgment; or
(2) provided for or granted by a contract or series of contracts for the sale or construction and sale of a structure to be used as a residence if the time price differential provided in the contract or agreement does not exceed an annual percentage rate permitted under this chapter or Chapter 303 .