Sec. 346.202. AMOUNTS AUTHORIZED TO BE RECOVERED FROM CUSTOMER. (a) A creditor may recover from a customer amounts incurred by the creditor for:
(1) court costs;
(2) attorney's fees assessed by a court;
(3) a fee authorized by law for filing or recording in a public office a document securing a revolving credit account, including a document releasing a security interest;
(4) a fee for recording a lien on or transferring a certificate of title to a motor vehicle securing a revolving credit account;
(5) a reasonable amount spent for repossessing, storing, preparing for sale, or selling collateral; or
(6) a premium or an identifiable charge received in connection with sale of insurance authorized for a revolving credit account.
(b) With respect to a revolving credit account secured by an interest in real property, a creditor may contract for, charge, and receive additional fees or charges permitted under Section 342.307 as if the revolving credit account were a secondary mortgage loan under Chapter 342.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 2003, 78th Leg., ch. 887, Sec. 5, eff. Sept. 1, 2003.
Section: Previous 346.001 346.002 346.003 346.004 346.005 346.101 346.102 346.103 346.201 346.202 346.203 346.204 346.205 NextLast modified: September 28, 2016