Texas Statutes / Finance Code / Title 4. Regulation of Interest, Loans, and Financed Transactions / Subtitle B. Loans and Financed Transactions / Chapter 345. Retail Installment Sales / Subchapter H. Other Provisions Applicable to Contracts and Agreements
Sec. 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.
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