Sec. 2153.254. WRITTEN AGREEMENT REQUIRED

Latest version.

A license holder may extend or lend credit only if the credit transaction is evidenced by a written agreement that:
(1) is signed by the parties to the agreement; and
(2) specifies the:
(A) credit amount;
(B) consideration for the credit transaction; and
(C) terms governing repayment.

Acts 1999, 76th Leg., ch. 388, Sec. 1, eff. Sept. 1, 1999.

                    
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