Texas Statutes
§ 398.056 — CERTAIN AUTOMATIC DEBITS PROHIBITED.
Texas § 398.056
JurisdictionTexas
Code FIFinance Code
This text of Texas § 398.056 (CERTAIN AUTOMATIC DEBITS 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. § 398.056 (2026).
Text
Sec. 398.056. CERTAIN AUTOMATIC DEBITS PROHIBITED. A provider or commercial sales-based financing broker may not establish a mechanism for automatically debiting a recipient's deposit account unless the provider or broker holds a validly perfected security interest in the recipient's account under Chapter 9 , Business & Commerce Code, with a first priority against the claims of all other persons.
SUBCHAPTER C. ENFORCEMENT
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Legislative History
Added by Acts 2025, 89th Leg., R.S., Ch. 723 (H.B. 700 ), Sec. 1, eff. September 1, 2025.
Nearby Sections
13
§ 398.001
DEFINITIONS.§ 398.002
APPLICABILITY OF CHAPTER.§ 398.003
EXEMPTIONS.§ 398.004
APPLICATION OF OTHER LAW.§ 398.051
DISCLOSURES.§ 398.052
SIGNATURE.§ 398.053
PROVIDER AND BROKER REGISTRATION.§ 398.054
UPDATE OF REGISTRATION STATEMENT.§ 398.056
CERTAIN AUTOMATIC DEBITS PROHIBITED.§ 398.101
CIVIL PENALTY.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 398.056, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/FI/398.056.