Gavvy: Fin. Code, Sec. 348.410. Prohibition On Power of Attorney to Confess Judgment Or Assignment of Wages.

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Sec. 348.410. Prohibition On Power of Attorney to Confess Judgment Or Assignment of Wages.

Sec. 348.410. PROHIBITION ON POWER OF ATTORNEY TO CONFESS JUDGMENT OR ASSIGNMENT OF WAGES. A retail installment contract may not contain:

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

(2) an assignment of wages.

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

Gavvy last updated this database on: Sep 6, 2024