Finance Code § 345.068
A bailment or lease counts as a retail installment transaction if the user pays an amount tied to the use of the goods that equals or exceeds their value and can end up owning the goods, or has the option to own them, for no or nominal extra consideration.
- Jurisdiction
- United States — Texas
- Instrument
- Code
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- Undated source snapshot
- Language
- en
- Official source
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bailments leases retail installment transactions
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Finance Code § 345.068
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