A retail charge agreement may provide that the holder of the agreement may:
- (1) charge the retail buyer, on return of a dishonored check given in payment under the agreement, a reasonable processing fee that does not exceed the amount prescribed by Section 3.506, Business & Commerce Code; and
- (2) add the fee to the unpaid balance under the agreement.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Acts 2023, 88th Leg., R.S., Ch. 159 (S.B. 1371), Sec. 16, eff. September 1, 2023.