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2025 Texas Statutes
Finance Code
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subtitle B - Loans and Financed Transactions
Chapter 348 - Motor Vehicle Installment Sales
Subchapter E. Holder's Rights, Duties, and Limitations
Section 348.412. Buyer's Waiver
Universal Citation:
TX Fin Code § 348.412 (2025)
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Sec. 348.412. BUYER'S WAIVER. (a) A retail installment contract may not:
(1) provide for a waiver of the retail buyer's rights of action against the holder or a person acting on the holder's behalf for an illegal act committed in:
(A) the collection of payments under the contract; or
(B) the repossession of the motor vehicle; or
(2) provide that the retail buyer agrees not to assert against the holder a claim or defense arising out of the sale.
(b) An act or agreement of the retail buyer before or at the time of the making of a retail installment contract or a purchase under the contract does not waive any provision of this chapter.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
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