Texas Business & Commerce Code - Section 40.007. Deposit Requirements
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Texas Laws > Business & Commerce Code > Texas Business & Commerce Code - Section 40.007. Deposit Requirements
Section: 39.009 40.001 40.002 40.003 40.004 40.005 40.006 40.007 40.031 40.032 40.033 40.034 40.035 40.036 40.061
§ 40.007. DEPOSIT REQUIREMENTS. (a) If a gift or prize
involves lodging, airfare, a trip, or a recreational activity, the
offeror may require a refundable deposit if the requirement of a
deposit is fully, clearly, and conspicuously disclosed.
(b) For purposes of this section, "refundable deposit"
means a deposit that is required to be returned in its entirety to a
(1) it is paid by the consumer for a reservation that
is used by the consumer; or
(2) the consumer provides at least five possible
reservation dates, none of which can be confirmed.
(c) A condition that restricts the refund of the deposit
must be clearly and conspicuously disclosed in at least 10-point
type on the solicitation.
Added by Acts 1997, 75th Leg., ch. 1008, § 4, eff. Sept. 1, 1997.
Last modified: August 11, 2007