Texas Codes
Tex. Fin. Code § 348.121 (2026)
Amount Of Refund Credit For Other Contracts
✓ current as of May 2026
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Sec. 348.121. AMOUNT OF REFUND CREDIT FOR OTHER CONTRACTS. The minimum amount of the refund credit on a retail installment contract to which Section 348.120 does not apply shall be computed in a manner proportionate to the method set out by that section for the type of motor vehicle being sold, having due regard for:
(1) the amount of each installment;
(2) the irregularity of the installment periods; and
(3) the requirements of Sections 348.104(f) and 348.106.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.