Texas § 348.1015 CONTRACT CONDITIONED ON SUBSEQUENT ASSIGNMENT PROHIBITED.

Texas Statutes

§ 348.1015 — CONTRACT CONDITIONED ON SUBSEQUENT ASSIGNMENT PROHIBITED.

Texas § 348.1015

Code FIFinance Code

This text of Texas § 348.1015 (CONTRACT CONDITIONED ON SUBSEQUENT ASSIGNMENT PROHIBITED.) 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. § 348.1015 (2026).

Text

Sec. 348.1015. CONTRACT CONDITIONED ON SUBSEQUENT ASSIGNMENT PROHIBITED.

(a)A retail installment contract may not be conditioned on the subsequent assignment of the contract to a holder.

(b)A provision in violation of this section is void. This subsection does not affect the validity of other provisions of the contract that may be given effect without the voided provision, and to that extent those provisions are severable.

(c)This section does not create a private right of action.

(d)The commissioner has exclusive jurisdiction to enforce this section.

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Sec. 348.1015. CONTRACT CONDITIONED ON SUBSEQUENT ASSIGNMENT PROHIBITED. (a) A retail installment contract may not be conditioned on the subsequent assignment of the contract to a holder.
(b) A provision in violation of this section is void. This subsection does not affect the validity of other provisions of the contract that may be given effect without the voided provision, and to that extent those provisions are severable.
(c) This section does not create a private right of action.
(d) The commissioner has exclusive jurisdiction to enforce this section.