1. (a) Each contract for the purchase of the services of a credit services organization by a consumer must be in writing, dated, and signed by the consumer.

2. (b) In addition to the notice required by Section 393.202, the contract must:

   1. (1) contain the payment terms, including the total payments to be made by the consumer, whether to the organization or to another person;
   2. (2) fully describe the services the organization is to perform for the consumer, including each guarantee and each promise of a full or partial refund and the estimated period for performing the services, not to exceed 180 days;
   3. (3) contain the address of the organization's principal place of business; and
   4. (4) contain the name and address of the organization's agent in this state authorized to receive service of process.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.