Texas § 347.501 CREDITOR'S LIABILITY RELATED TO DEPOSIT.

Texas Statutes

§ 347.501 — CREDITOR'S LIABILITY RELATED TO DEPOSIT.

Texas § 347.501

Code FIFinance Code

This text of Texas § 347.501 (CREDITOR'S LIABILITY RELATED TO DEPOSIT.) 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. § 347.501 (2026).

Text

Sec. 347.501. CREDITOR'S LIABILITY RELATED TO DEPOSIT. A creditor is liable for the penalty provided by Section 349.003 if the creditor:

(1)fails to order the manufactured home or fails to hold the manufactured home in inventory in accordance with the deposit agreement under Section 347.303 or 347.304, respectively; or

(2)retains as a deposit an amount that exceeds the amount authorized by Subchapter H.

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Sec. 347.501. CREDITOR'S LIABILITY RELATED TO DEPOSIT. A creditor is liable for the penalty provided by Section 349.003 if the creditor:
(1) fails to order the manufactured home or fails to hold the manufactured home in inventory in accordance with the deposit agreement under Section 347.303 or 347.304, respectively; or
(2) retains as a deposit an amount that exceeds the amount authorized by Subchapter H.