Texas Occupations Code 2153.254 – Written Agreement Required
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Terms Used In Texas Occupations Code 2153.254
- 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
A license holder may extend or lend credit only if the credit transaction is evidenced by a written agreement that:
(1) is signed by the parties to the agreement; and
(2) specifies the:
(A) credit amount;
(B) consideration for the credit transaction; and
(C) terms governing repayment.