Liability Relating To Outstanding Balance Information

Sec. 348.409. LIABILITY RELATING TO OUTSTANDING BALANCE INFORMATION. A holder who violates Section 348.408 is liable to the retail buyer or the buyer's designee in an amount computed by adding: (1) three times the difference between the amount tendered and the amount sought by the holder at the time of tender; (2) interest; (3) reasonable attorney's fees; and (4) costs. Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.