Tex. Bus. & Com. Code Section 92.053
Other Required Provisions

A rental-purchase agreement must provide that:

(1)

any charge in addition to periodic payments must be reasonably related to the service performed; and

(2)

a consumer who fails to make a timely payment may reinstate an agreement, without losing any right or option previously acquired, by taking the required action before the later of:

(A)

one week after the due date of the payment; or

(B)

the number of days after the due date of the payment that is equal to half the number of days in a regular payment period.
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.

Source: Section 92.053 — Other Required Provisions, https://statutes.­capitol.­texas.­gov/Docs/BC/htm/BC.­92.­htm#92.­053 (accessed May 4, 2024).

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Accessed:
May 4, 2024

§ 92.053’s source at texas​.gov