# Tex. Finance Code § 339.003: SALE OF OPEN-END ACCOUNT WITHOUT MERCHANT DISCOUNT

> Texas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C339_S339.003

## Section

- **Citation:** Tex. Finance Code § 339.003
- **Heading:** SALE OF OPEN-END ACCOUNT WITHOUT MERCHANT DISCOUNT
- **Jurisdiction:** Texas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TX Code / Code fi / Chapter 339 / Section 339.003

## Text

A seller or lessor may sell an open-end account credit agreement described by Section 339.002(a) or any balance under that agreement to a purchaser who purchases a substantial part of the seller's or lessor's open-end account credit agreements or balances under those agreements in accordance with Subchapter G, Chapter 345. A charge, fee, or discount on that sale:

(1) is not a merchant discount;

(2) does not disqualify the open-end account credit agreement or a balance under that agreement from being subject to Chapter 303 or from coverage under this section; and

(3) does not subject the account to the limitations provided by Section 303.006(c).

## Nearby sections

- [Tex. Finance Code § 339.002 § 339.002. BILLING CYCLE INTEREST LIMITATION ON OPEN-END ACCOUNT WITHOUT MERCHANT DISCOUNT.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C339_S339.002.md)
- [Tex. Finance Code § 339.003 § 339.003. SALE OF OPEN-END ACCOUNT WITHOUT MERCHANT DISCOUNT.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C339_S339.003.md)
- [Tex. Finance Code § 339.004 § 339.004. APPLICATION OF LICENSING REQUIREMENT AND SUBTITLE B TO CREDIT UNION OR EMPLOYEE BENEFIT PLAN.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C339_S339.004.md)
- [Tex. Finance Code § 339.005 § 339.005. APPLICABILITY OF CERTAIN FEDERAL LAW.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C339_S339.005.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_Cfi_C339_S339.003. Check the current official text before relying on it. Not legal advice.