Texas § 348.121 AMOUNT OF REFUND CREDIT FOR OTHER CONTRACTS.

Texas Statutes

§ 348.121 — AMOUNT OF REFUND CREDIT FOR OTHER CONTRACTS.

Texas § 348.121

Code FIFinance Code

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Bluebook

Tex. Finance Code Code Ann. § 348.121 (2026).

Text

Sec. 348.121. AMOUNT OF REFUND CREDIT FOR OTHER CONTRACTS. The minimum amount of the refund credit on a retail installment contract to which Section 348.120 does not apply shall be computed in a manner proportionate to the method set out by that section for the type of motor vehicle being sold, having due regard for:

(1)the amount of each installment;

(2)the irregularity of the installment periods; and

(3)the requirements of Sections 348.104 (f) and 348.106 .

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Sec. 348.121. AMOUNT OF REFUND CREDIT FOR OTHER CONTRACTS. The minimum amount of the refund credit on a retail installment contract to which Section 348.120 does not apply shall be computed in a manner proportionate to the method set out by that section for the type of motor vehicle being sold, having due regard for:
(1) the amount of each installment;
(2) the irregularity of the installment periods; and
(3) the requirements of Sections 348.104 (f) and 348.106 .