Texas Finance Code 349.503 – Certain Proceedings in Connection With Sale-Leaseback Transaction
Current as of: 2024 | Check for updates
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(a) If a buyer in a sale-leaseback transaction requires the seller to provide a check as security for the transaction, the buyer may not file or threaten to file a charge, complaint, or criminal prosecution under Section 31.03, 31.04, or 32.41, Penal Code, based on nonpayment of the check.
(b) A buyer who violates Subsection (a) commits an offense. An offense under this section is a misdemeanor punishable by a fine of not more than $1,000.
Terms Used In Texas Finance Code 349.503
- Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
