Texas Finance Code § 345.354 Prohibition On Power Of Attorney To Confess Judgment And Assignment Of Wages

Sec. 345.354. PROHIBITION ON POWER OF ATTORNEY TO CONFESS JUDGMENT AND ASSIGNMENT OF WAGES. A retail installment contract or retail charge agreement may not contain:

(1) a power of attorney to confess judgment; or

(2) an assignment of wages.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Section: Previous  345.214  345.215  345.251  345.252  345.253  345.301  345.302  345.303  345.304  345.351  345.352  345.353  345.354  345.355  345.356  Next

Last modified: September 28, 2016