A rental-purchase agreement must provide that:

1. (1) any charge in addition to periodic payments must be reasonably related to the service performed; and

2. (2) a consumer who fails to make a timely payment may reinstate an agreement, without losing any right or option previously acquired, by taking the required action before the later of:

   1. (A) one week after the due date of the payment; or
   2. (B) the number of days after the due date of the payment that is equal to half the number of days in a regular payment period.

Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 2.01, eff. April 1, 2009.