Texas § 348.517 LICENSE HOLDER'S RECORDS; DOCUMENT RETENTION REQUIREMENTS.

Texas Statutes

§ 348.517 — LICENSE HOLDER'S RECORDS; DOCUMENT RETENTION REQUIREMENTS.

Texas § 348.517

Code FIFinance Code

This text of Texas § 348.517 (LICENSE HOLDER'S RECORDS; DOCUMENT RETENTION REQUIREMENTS.) 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. § 348.517 (2026).

Text

Sec. 348.517. LICENSE HOLDER'S RECORDS; DOCUMENT RETENTION REQUIREMENTS.

(a)A license holder shall maintain a record of each retail installment transaction made under this chapter as is necessary to enable the commissioner to determine whether the license holder is complying with this chapter.

(b)A license holder shall keep the record until the later of:

(1)the fourth anniversary of the date of the retail installment transaction; or

(2)the second anniversary of the date on which the final entry is made in the record.

(c)A record described by Subsection (a) must be prepared in accordance with accepted accounting practices.

(d)The commissioner shall accept a license holder's system of records if the system discloses the information reasonably required under Subsection (a).

(e)A licens

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Sec. 348.517. LICENSE HOLDER'S RECORDS; DOCUMENT RETENTION REQUIREMENTS. (a) A license holder shall maintain a record of each retail installment transaction made under this chapter as is necessary to enable the commissioner to determine whether the license holder is complying with this chapter.
(b) A license holder shall keep the record until the later of:
(1) the fourth anniversary of the date of the retail installment transaction; or
(2) the second anniversary of the date on which the final entry is made in the record.
(c) A record described by Subsection (a) must be prepared in accordance with accepted accounting practices.
(d) The commissioner shall accept a license holder's system of records if the system discloses the information reasonably required under Subsection (a).
(e) A license holder shall keep each obligation signed by a retail buyer at an office in this state designated by the license holder unless the obligation is transferred under an agreement that gives the commissioner access to the obligation.

Legislative History

Added by Acts 2001, 77th Leg., ch. 1235, Sec. 18, eff. Sept. 1, 2001. Amended by: Acts 2009, 81st Leg., R.S., Ch. 676 (H.B. 2438 ), Sec. 11, eff. September 1, 2009. Acts 2009, 81st Leg., R.S., Ch. 676 (H.B. 2438 ), Sec. 12, eff. September 1, 2009.