Gavvy: Fin. Code, Sec. 353.122. Reinstatement of Contract After Demand for Payment.

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Sec. 353.122. Reinstatement of Contract After Demand for Payment.

Sec. 353.122. REINSTATEMENT OF CONTRACT AFTER DEMAND FOR PAYMENT. After a demand for payment in full under a retail installment contract, the retail buyer and holder of the contract may:

(1) agree to reinstate the contract; and

(2) amend the contract as provided by Section 353.113.

Added by Acts 2011, 82nd Leg., R.S., Ch. 117 (H.B. 2559), Sec. 17, eff. September 1, 2011.

Gavvy last updated this database on: Sep 6, 2024