Tex. Bus. & Com. Code Section 604.052
Fees or Charges that Decrease Unredeemed Balance of Card

The issuer of a stored value card may impose or collect a periodic fee or other charge that causes the unredeemed balance of the card to decrease over time only if the fee:

(1)

is reasonable;

(2)

is not assessed until after the first anniversary of the date the card is sold or issued; and

(3)

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

Source: Section 604.052 — Fees or Charges that Decrease Unredeemed Balance of Card, https://statutes.­capitol.­texas.­gov/Docs/BC/htm/BC.­604.­htm#604.­052 (accessed May 4, 2024).

Green check means up to date. Up to date

Accessed:
May 4, 2024

§ 604.052’s source at texas​.gov