A lender may not take a promise to pay or loan obligation that does not disclose the amount financed and the schedule of payments, except for an open-end account.
Tex. Fin. Code § 342.505
DISCLOSURE OF AMOUNT FINANCED AND SCHEDULE OF PAYMENTS
Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.