Tex. Bus. & Com. Code Section 601.153
Transfer of Indebtedness During Certain Period


A merchant may not negotiate, transfer, sell, or assign a note or other evidence of indebtedness to a finance company or other third party before midnight of the fifth business day after the date the contract pertaining to a consumer transaction was signed or the goods or services were purchased.
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.

Source: Section 601.153 — Transfer of Indebtedness During Certain Period, https://statutes.­capitol.­texas.­gov/Docs/BC/htm/BC.­601.­htm#601.­153 (accessed Jun. 5, 2024).

Accessed:
Jun. 5, 2024

§ 601.153’s source at texas​.gov