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Texas Stat.
2025 Texas Statutes
Finance Code
Title 5 - Protection of Consumers of Financial Services
Chapter 398 - Commercial Sales-Based Financing
Subchapter B. Regulation and Disclosure Requirements
Section 398.055. Unenforceability of Certain Contract Provisions
Universal Citation:
TX Fin Code § 398.055 (2025)
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Sec. 398.055. UNENFORCEABILITY OF CERTAIN CONTRACT PROVISIONS. A commercial sales-based financing contract that contains a confession of judgment provision or any similar provision is void and unenforceable.
Added by Acts 2025, 89th Leg., R.S., Ch. 723 (H.B. 700), Sec. 1, eff. September 1, 2025.
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