Texas Finance Code 345.063 – Requirements for Contract That Is More Than One Document
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(a) A retail installment contract may be more than one document.
(b) One of the retail installment contract documents must:
(1) provide that it applies to purchases of goods or services to be made by the retail buyer from time to time; and
(2) be signed by the retail buyer.
Terms Used In Texas Finance Code 345.063
- Contract: A legal written agreement that becomes binding when signed.
- Signed: includes any symbol executed or adopted by a person with present intention to authenticate a writing. See Texas Government Code 311.005
- Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
(c) For each purchase, the document described by Subsection (b) and a written statement relating to the purchase, including a sales slip or account book, together must set forth all of the information required by this subchapter. The document described by Subsection (a) and the written statement under this subsection are the retail installment contract.
(d) If the retail seller elects, a written statement described by Subsection (c) satisfies the statement requirements of § 345.082 for a purchase to which the statement applies.