Texas § 348.115 CHARGE FOR OTHER AMENDMENT.

Texas Statutes

§ 348.115 — CHARGE FOR OTHER AMENDMENT.

Texas § 348.115

Code FIFinance Code

This text of Texas § 348.115 (CHARGE FOR OTHER AMENDMENT.) 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. § 348.115 (2026).

Text

Sec. 348.115. CHARGE FOR OTHER AMENDMENT.

(a)If the unpaid balance of a retail installment contract is extended, renewed, restated, or rescheduled under this subchapter and Section 348.114 does not apply, the holder may collect an amount computed on the principal balance of the amended contract for the term of the amended contract at the time price differential for a retail installment contract that is applicable after reclassifying the motor vehicle by its model year at the time of the amendment.

(b)The principal balance of the amended contract is computed by:

(1)adding:

(A)the unpaid balance as of the date of amendment;

(B)the cost of any insurance incidental to the amendment;

(C)the amount of each additional necessary official fee; and

(D)the amount of each accrued delinquency or

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

Sec. 348.115. CHARGE FOR OTHER AMENDMENT. (a) If the unpaid balance of a retail installment contract is extended, renewed, restated, or rescheduled under this subchapter and Section 348.114 does not apply, the holder may collect an amount computed on the principal balance of the amended contract for the term of the amended contract at the time price differential for a retail installment contract that is applicable after reclassifying the motor vehicle by its model year at the time of the amendment.
(b) The principal balance of the amended contract is computed by:
(1) adding:
(A) the unpaid balance as of the date of amendment;
(B) the cost of any insurance incidental to the amendment;
(C) the amount of each additional necessary official fee; and
(D) the amount of each accrued delinquency or collection charge; and
(2) subtracting from the total computed under Subdivision (1) an amount equal to the prepayment refund credit required by Section 348.120 or 348.121 , as applicable.
(c) The provisions of this chapter relating to minimum charges under Section 348.104 and acquisition costs under the refund schedule under Section 348.120 do not apply in computing the principal balance of the amended contract.