Texas § 347.503 CREDITOR'S LIABILITY FOR ERROR IN PAY-OFF QUOTATION.

Texas Statutes

§ 347.503 — CREDITOR'S LIABILITY FOR ERROR IN PAY-OFF QUOTATION.

Texas § 347.503

Code FIFinance Code

This text of Texas § 347.503 (CREDITOR'S LIABILITY FOR ERROR IN PAY-OFF QUOTATION.) 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. § 347.503 (2026).

Text

Sec. 347.503. CREDITOR'S LIABILITY FOR ERROR IN PAY-OFF QUOTATION. Notwithstanding Chapter 349 , a creditor that responds to a consumer's request for a pay-off quotation under this chapter by delivering to the consumer a written statement indicating that the consumer owes a total amount on the credit transaction that exceeds the amount authorized by this chapter is liable to the consumer under Section 349.003 .

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 347.503. CREDITOR'S LIABILITY FOR ERROR IN PAY-OFF QUOTATION. Notwithstanding Chapter 349 , a creditor that responds to a consumer's request for a pay-off quotation under this chapter by delivering to the consumer a written statement indicating that the consumer owes a total amount on the credit transaction that exceeds the amount authorized by this chapter is liable to the consumer under Section 349.003 .