Texas Statutes
Finance Code
Title 4 - Regulation of Interest, Loans, and Financed Transactions

Section 302.001. Contracting For, Charging, or Receiving Interest or Time Price Differential; Usurious Interest - Sec. 302.001. CONTRACTING FOR, CHARGING, OR RECEIVING INTEREST OR TIME...

Section 302.002. Accrual of Interest When No Rate Specified - Sec. 302.002. ACCRUAL OF INTEREST WHEN NO RATE SPECIFIED. If...

Subchapter B. Other Rates and Provisions on Loans Secured by Real Property

Section 302.101. Determining Rates of Interest by Spreading - Sec. 302.101. DETERMINING RATES OF INTEREST BY SPREADING. (a) To...

Section 302.102. Prohibition on Prepayment Penalty - Sec. 302.102. PROHIBITION ON PREPAYMENT PENALTY. If the interest rate...

Section 302.104. Loan to Purchase Interest in Entity With Foreign Real Property as Principal Asset - Sec. 302.104. LOAN TO PURCHASE INTEREST IN ENTITY WITH FOREIGN...

Chapter 303 - Optional Rate Ceilings

Subchapter A. Rate Ceilings: Applicability, Computation, and Publication

Section 303.001. Use of Ceilings - Sec. 303.001. USE OF CEILINGS. (a) Except as provided by...

Section 303.002. Weekly Ceiling - Sec. 303.002. WEEKLY CEILING. The parties to a written agreement...

Section 303.003. Computation of Weekly Ceiling - Sec. 303.003. COMPUTATION OF WEEKLY CEILING. (a) The weekly ceiling...

Section 303.004. Monthly Ceiling - Sec. 303.004. MONTHLY CEILING. (a) The monthly ceiling may be...

Section 303.005. Computation of Monthly Ceiling - Sec. 303.005. COMPUTATION OF MONTHLY CEILING. (a) The consumer credit...

Section 303.006. Quarterly Ceiling - Sec. 303.006. QUARTERLY CEILING. (a) A written contract, including a...

Section 303.007. Annualized Ceiling - Sec. 303.007. ANNUALIZED CEILING. The annualized ceiling may be used...

Section 303.008. Computation of Quarterly and Annualized Ceiling - Sec. 303.008. COMPUTATION OF QUARTERLY AND ANNUALIZED CEILING. (a) On...

Section 303.009. Maximum and Minimum Weekly, Monthly, Quarterly, or Annualized Ceiling - Sec. 303.009. MAXIMUM AND MINIMUM WEEKLY, MONTHLY, QUARTERLY, OR ANNUALIZED...

Section 303.010. Computation of Ceiling if Information Unavailable - Sec. 303.010. COMPUTATION OF CEILING IF INFORMATION UNAVAILABLE. If any...

Section 303.011. Publication of Rate Ceilings - Sec. 303.011. PUBLICATION OF RATE CEILINGS. (a) The consumer credit...

Section 303.012. Judicial Notice - Sec. 303.012. JUDICIAL NOTICE. A court may take judicial notice...

Section 303.013. Determination of Ceiling for Contract to Renew or Extend Debt Payment - Sec. 303.013. DETERMINATION OF CEILING FOR CONTRACT TO RENEW OR...

Section 303.014. Rate for Lender Credit Card Agreement With Merchant Discount - Sec. 303.014. RATE FOR LENDER CREDIT CARD AGREEMENT WITH MERCHANT...

Section 303.015. Variable Rate - Sec. 303.015. VARIABLE RATE. (a) The parties to a contract,...

Section 303.016. Charging of Rate Lower Than Agreed Rate - Sec. 303.016. CHARGING OF RATE LOWER THAN AGREED RATE. A...

Section 303.017. Various Charges on Consumer Loans Made by Particular Lenders - Sec. 303.017. VARIOUS CHARGES ON CONSUMER LOANS MADE BY PARTICULAR...

Subchapter B. Open-End Accounts

Section 303.101. Open-End Account: Ceilings - Sec. 303.101. OPEN-END ACCOUNT: CEILINGS. (a) To use the quarterly...

Section 303.102. Variable Rate Open-End Account: Ceilings - Sec. 303.102. VARIABLE RATE OPEN-END ACCOUNT: CEILINGS. The applicable rate...

Section 303.103. Open-End Account: Change of Agreement Term - Sec. 303.103. OPEN-END ACCOUNT: CHANGE OF AGREEMENT TERM. (a) An...

Section 303.104. Disclosure of Decrease in Interest Rate Not Required on Open-End Accounts Involving Credit Card Transaction or Merchant Discount - Sec. 303.104. DISCLOSURE OF DECREASE IN INTEREST RATE NOT REQUIRED...

Section 303.105. Open-End Account: Disclosure of Certain Rate Variations - Sec. 303.105. OPEN-END ACCOUNT: DISCLOSURE OF CERTAIN RATE VARIATIONS. (a)...

Section 303.106. Open-End Account: Ceiling for Plan or Arrangement - Sec. 303.106. OPEN-END ACCOUNT: CEILING FOR PLAN OR ARRANGEMENT. If...

Subchapter C. Provisions Applicable to Certain Consumer Loans and Secondary Mortgage Loans

Section 303.201. License Required - Sec. 303.201. LICENSE REQUIRED. A person engaged in the business...

Section 303.202. Applicability of Subtitle B - Sec. 303.202. APPLICABILITY OF SUBTITLE B. Except as inconsistent with...

Section 303.203. Automobile Club Membership Offered in Connection With a Loan - Sec. 303.203. AUTOMOBILE CLUB MEMBERSHIP OFFERED IN CONNECTION WITH A...

Subchapter D. Limitations on Applicability of Chapter

Section 303.301. Agreement to Which Chapter Does Not Apply - Sec. 303.301. AGREEMENT TO WHICH CHAPTER DOES NOT APPLY. The...

Section 303.302. Requirements Inconsistent With Federal Law - Sec. 303.302. REQUIREMENTS INCONSISTENT WITH FEDERAL LAW. (a) A person...

Subchapter E. Enforcement

Section 303.401. When Act or Omission Not Violation - Sec. 303.401. WHEN ACT OR OMISSION NOT VIOLATION. An act...

Section 303.402. Penalty for Violation of Chapter for Certain Contracts Subject to Subtitle B - Sec. 303.402. PENALTY FOR VIOLATION OF CHAPTER FOR CERTAIN CONTRACTS...

Section 303.403. Penalty for Violation of Ceiling in Certain Contracts - Sec. 303.403. PENALTY FOR VIOLATION OF CEILING IN CERTAIN CONTRACTS....

Section 303.404. Enforcement by Consumer Credit Commissioner - Sec. 303.404. ENFORCEMENT BY CONSUMER CREDIT COMMISSIONER. Subject to Subchapter...

Section 303.405. Examination of Records; Inspections; Rules - Sec. 303.405. EXAMINATION OF RECORDS; INSPECTIONS; RULES. (a) Section 342.552...

Section 303.406. Enforcement by Credit Union Commissioner - Sec. 303.406. ENFORCEMENT BY CREDIT UNION COMMISSIONER. The credit union...

Section 303.407. Enforcement by Texas Department of Insurance - Sec. 303.407. ENFORCEMENT BY TEXAS DEPARTMENT OF INSURANCE. The Texas...

Subchapter F. Effect on Other Statutes of Using Optional Rate

Section 303.501. Applicability of Credit Union Act - Sec. 303.501. APPLICABILITY OF CREDIT UNION ACT. Except as inconsistent...

Section 303.502. Applicability of Chapter 24, Insurance Code - Sec. 303.502. APPLICABILITY OF CHAPTER 24, INSURANCE CODE. (a) Except...

Chapter 304 - Judgment Interest

Subchapter A. General Provisions

Section 304.001. Interest Rate Required in Judgment - Sec. 304.001. INTEREST RATE REQUIRED IN JUDGMENT. A money judgment...

Section 304.002. Judgment Interest Rate: Interest Rate or Time Price Differential in Contract - Sec. 304.002. JUDGMENT INTEREST RATE: INTEREST RATE OR TIME PRICE...

Section 304.003. Judgment Interest Rate: Interest Rate or Time Price Differential Not in Contract - Sec. 304.003. JUDGMENT INTEREST RATE: INTEREST RATE OR TIME PRICE...

Section 304.004. Publication of Judgment Interest Rate - Sec. 304.004. PUBLICATION OF JUDGMENT INTEREST RATE. The consumer credit...

Section 304.005. Accrual of Judgment Interest - Sec. 304.005. ACCRUAL OF JUDGMENT INTEREST. (a) Except as provided...

Section 304.006. Compounding of Judgment Interest - Sec. 304.006. COMPOUNDING OF JUDGMENT INTEREST. Postjudgment interest on a...

Section 304.007. Judicial Notice of Judgment Interest Rate - Sec. 304.007. JUDICIAL NOTICE OF JUDGMENT INTEREST RATE. A court...

Subchapter B. Prejudgment Interest in Wrongful Death, Personal Injury, or Property Damage Case

Section 304.101. Applicability of Subchapter - Sec. 304.101. APPLICABILITY OF SUBCHAPTER. This subchapter applies only to...

Section 304.102. Prejudgment Interest Required in Certain Cases - Sec. 304.102. PREJUDGMENT INTEREST REQUIRED IN CERTAIN CASES. A judgment...

Section 304.103. Prejudgment Interest Rate for Wrongful Death, Personal Injury, or Property Damage Case - Sec. 304.103. PREJUDGMENT INTEREST RATE FOR WRONGFUL DEATH, PERSONAL INJURY,...

Section 304.104. Accrual of Prejudgment Interest - Sec. 304.104. ACCRUAL OF PREJUDGMENT INTEREST. Except as provided by...

Section 304.1045. Future Damages - Sec. 304.1045. FUTURE DAMAGES. Prejudgment interest may not be assessed...

Section 304.105. Effect of Settlement Offer on Accrual of Prejudgment Interest - Sec. 304.105. EFFECT OF SETTLEMENT OFFER ON ACCRUAL OF PREJUDGMENT...

Section 304.106. Settlement Offer Requirements to Prevent Prejudgment Interest Accrual - Sec. 304.106. SETTLEMENT OFFER REQUIREMENTS TO PREVENT PREJUDGMENT INTEREST ACCRUAL....

Section 304.107. Value of Settlement Offer for Computing Prejudgment Interest - Sec. 304.107. VALUE OF SETTLEMENT OFFER FOR COMPUTING PREJUDGMENT INTEREST....

Subchapter C. Other Prejudgment Interest Provisions

Section 304.201. Prejudgment Interest Rate for Condemnation Case - Sec. 304.201. PREJUDGMENT INTEREST RATE FOR CONDEMNATION CASE. The prejudgment...

Subchapter D. Exceptions to Application of Chapter

Section 304.301. Exception for Delinquent Taxes - Sec. 304.301. EXCEPTION FOR DELINQUENT TAXES. This chapter does not...

Section 304.302. Exception for Delinquent Child Support - Sec. 304.302. EXCEPTION FOR DELINQUENT CHILD SUPPORT. This chapter does...

Chapter 305 - Penalties and Remedies

Subchapter A. Civil Liability; Criminal Penalty

Section 305.001. Liability for Usurious Interest - Sec. 305.001. LIABILITY FOR USURIOUS INTEREST. (a) A creditor who...

Section 305.002. Additional Liability for More Than Twice Authorized Rate of Interest - Sec. 305.002. ADDITIONAL LIABILITY FOR MORE THAN TWICE AUTHORIZED RATE...

Section 305.003. Liability for Usurious Legal Interest - Sec. 305.003. LIABILITY FOR USURIOUS LEGAL INTEREST. (a) A creditor...

Section 305.004. Additional Liability for More Than Twice Authorized Rate of Legal Interest - Sec. 305.004. ADDITIONAL LIABILITY FOR MORE THAN TWICE AUTHORIZED RATE...

Section 305.005. Attorney's Fees - Sec. 305.005. ATTORNEY'S FEES. A creditor who is liable under...

Section 305.006. Limitation on Filing Suit - Sec. 305.006. LIMITATION ON FILING SUIT. (a) An action under...

Section 305.007. Penalties Exclusive - Sec. 305.007. PENALTIES EXCLUSIVE. The penalties provided by this chapter...

Section 305.008. Criminal Penalty - Sec. 305.008. CRIMINAL PENALTY. (a) A person commits an offense...

Subchapter B. Exception From Liability

Section 305.101. Accidental and Bona Fide Error - Sec. 305.101. ACCIDENTAL AND BONA FIDE ERROR. A creditor is...

Section 305.102. Legal Interest During Interest-Free Period - Sec. 305.102. LEGAL INTEREST DURING INTEREST-FREE PERIOD. A person is...

Section 305.103. Correction of Violation - Sec. 305.103. CORRECTION OF VIOLATION. (a) A creditor is not...

Section 305.104. Correction Exception Available to All Similarly Situated - Sec. 305.104. CORRECTION EXCEPTION AVAILABLE TO ALL SIMILARLY SITUATED. If...

Section 305.105. Amounts Payable Pursuant to a Final Judgment - Sec. 305.105. AMOUNTS PAYABLE PURSUANT TO A FINAL JUDGMENT. A...

Chapter 306 - Commercial Transactions

Subchapter A. General Provisions

Section 306.001. Definitions - Sec. 306.001. DEFINITIONS. In this chapter: (1) "Account purchase transaction"...

Section 306.002. Interest; Application of Other Provisions of Subtitle - Sec. 306.002. INTEREST; APPLICATION OF OTHER PROVISIONS OF SUBTITLE. (a)...

Section 306.003. Computation of Loan Terms - Sec. 306.003. COMPUTATION OF LOAN TERMS. (a) In addition to...

Section 306.004. Determining Rates of Interest by Spreading - Sec. 306.004. DETERMINING RATES OF INTEREST BY SPREADING. (a) To...

Section 306.005. Prepayment Premiums and Similar Amounts - Sec. 306.005. PREPAYMENT PREMIUMS AND SIMILAR AMOUNTS. With respect to...

Section 306.006. Certain Authorized Charges on Commercial Loans - Sec. 306.006. CERTAIN AUTHORIZED CHARGES ON COMMERCIAL LOANS. In addition...

Section 306.007. Guaranty, Assumption, Payment, or Other Agreement - Sec. 306.007. GUARANTY, ASSUMPTION, PAYMENT, OR OTHER AGREEMENT. With respect...

Subchapter B. Provisions Relating to Specific Types of Commercial Loans or Transactions

Section 306.101. Qualified Commercial Loan - Sec. 306.101. QUALIFIED COMMERCIAL LOAN. (a) The parties to a...

Section 306.102. Asset-Backed Securities Transaction - Sec. 306.102. ASSET-BACKED SECURITIES TRANSACTION. An amount that is paid,...

Section 306.103. Account Purchase Transaction - Sec. 306.103. ACCOUNT PURCHASE TRANSACTION. (a) An amount of a...

Chapter 307 - Collateral Protection Insurance

Subchapter A. General Provisions

Section 307.001. Definitions - Sec. 307.001. DEFINITIONS. In this chapter: (1) "Collateral" means property...

Subchapter B. Requirements for Collateral Protection Insurance

Section 307.051. Collateral Protection Insurance - Sec. 307.051. COLLATERAL PROTECTION INSURANCE. (a) Collateral protection insurance is...

Section 307.052. Creditor Duties - Sec. 307.052. CREDITOR DUTIES. (a) A creditor who requires collateral...

Section 307.053. Amortization of Debt - Sec. 307.053. AMORTIZATION OF DEBT. If any form of amortization...

Section 307.054. Cancellation of Collateral Protection Insurance - Sec. 307.054. CANCELLATION OF COLLATERAL PROTECTION INSURANCE. A debtor may...

Section 307.055. Refund of Unearned Premiums - Sec. 307.055. REFUND OF UNEARNED PREMIUMS. (a) On the date...

Section 307.056. Choice of Carrier - Sec. 307.056. CHOICE OF CARRIER. Collateral protection insurance may be...

Section 307.057. Creditor Liability - Sec. 307.057. CREDITOR LIABILITY. (a) A creditor, its insurer, or...

Section 307.058. Rights of Creditor and Debtor - Sec. 307.058. RIGHTS OF CREDITOR AND DEBTOR. (a) The obligations...

Chapter 308 - Consumer Credit Protections

Section 308.001. Applicability - Sec. 308.001. APPLICABILITY. This chapter applies to a person regularly...

Section 308.002. False, Misleading, or Deceptive Advertising - Sec. 308.002. FALSE, MISLEADING, OR DECEPTIVE ADVERTISING. (a) A creditor...

Section 308.003. No Double Liability or Enforcement for Same Act or Practice - Sec. 308.003. NO DOUBLE LIABILITY OR ENFORCEMENT FOR SAME ACT...

Chapter 339 - Miscellaneous Provisions Relating to Interest

Section 339.002. Billing Cycle Interest Limitation on Open-End Account Without Merchant Discount - Sec. 339.002. BILLING CYCLE INTEREST LIMITATION ON OPEN-END ACCOUNT WITHOUT...

Section 339.003. Sale of Open-End Account Without Merchant Discount - Sec. 339.003. SALE OF OPEN-END ACCOUNT WITHOUT MERCHANT DISCOUNT. A...

Section 339.004. Application of Licensing Requirement and Subtitle B to Credit Union or Employee Benefit Plan - Sec. 339.004. APPLICATION OF LICENSING REQUIREMENT AND SUBTITLE B TO...

Section 339.005. Applicability of Certain Federal Law - Sec. 339.005. APPLICABILITY OF CERTAIN FEDERAL LAW. This title does...

Subtitle B - Loans and Financed Transactions

Chapter 341 - General Provisions

Subchapter A. Definitions and Time Computation

Section 341.001. Definitions - Sec. 341.001. DEFINITIONS. In this subtitle: (1) "Authorized lender" means...

Section 341.002. Computation of Month - Sec. 341.002. COMPUTATION OF MONTH. (a) For the computation of...

Subchapter B. Regulating Official

Section 341.101. Consumer Credit Commissioner - Sec. 341.101. CONSUMER CREDIT COMMISSIONER. The consumer credit commissioner has...

Section 341.102. Regulation of Banks - Sec. 341.102. REGULATION OF BANKS. (a) The banking commissioner shall...

Section 341.103. Regulation of Savings Institutions, Licensed Mortgage Brokers and Loan Officers, and Registered Mortgage Bankers and Licensed Loan Officers - Sec. 341.103. REGULATION OF SAVINGS INSTITUTIONS, LICENSED MORTGAGE BROKERS AND...

Section 341.104. Regulation of Credit Unions - Sec. 341.104. REGULATION OF CREDIT UNIONS. (a) The credit union...

Subchapter C. Revised Ceilings and Brackets

Section 341.201. Definitions of Indexes - Sec. 341.201. DEFINITIONS OF INDEXES. In this subchapter: (1) "Consumer...

Section 341.202. Revision of Ceiling or Bracket - Sec. 341.202. REVISION OF CEILING OR BRACKET. (a) Each year...

Section 341.203. Computation of Revised Ceiling or Bracket - Sec. 341.203. COMPUTATION OF REVISED CEILING OR BRACKET. (a) The...

Section 341.204. Publication of Revised Ceiling, Bracket, or Index Information - Sec. 341.204. PUBLICATION OF REVISED CEILING, BRACKET, OR INDEX INFORMATION....

Subchapter D. Advertising Requirements

Section 341.301. Information About Advertisers - Sec. 341.301. INFORMATION ABOUT ADVERTISERS. (a) In each advertisement that...

Subchapter E. Prohibitions and Violations

Section 341.401. Discrimination Prohibited - Sec. 341.401. DISCRIMINATION PROHIBITED. (a) An authorized lender or other...

Section 341.402. Penalties for Prohibited Discrimination - Sec. 341.402. PENALTIES FOR PROHIBITED DISCRIMINATION. (a) A person who...

Section 341.403. False, Misleading, or Deceptive Advertising - Sec. 341.403. FALSE, MISLEADING, OR DECEPTIVE ADVERTISING. (a) A person...

Section 341.404. Prohibited Acts Relating to a Loan - Sec. 341.404. PROHIBITED ACTS RELATING TO A LOAN. A person...

Section 341.405. Penalty for Making Illegal Offer - Sec. 341.405. PENALTY FOR MAKING ILLEGAL OFFER. (a) A person...

Section 341.406. When Act or Omission Not Violation - Sec. 341.406. WHEN ACT OR OMISSION NOT VIOLATION. An act...

Subchapter F. Licensing and Regulation in General

Section 341.501. Staggered Renewal - Sec. 341.501. STAGGERED RENEWAL. The finance commission by rule may...

Section 341.502. Form of Loan Contract and Related Documents - Sec. 341.502. FORM OF LOAN CONTRACT AND RELATED DOCUMENTS. (a)...

Section 341.503. Work From Remote Locations - Sec. 341.503. WORK FROM REMOTE LOCATIONS. (a) Notwithstanding provisions of...

Subchapter G. State-Licensed Residential Mortgage Loan Originator Recovery Fund

Section 341.601. Definition - Sec. 341.601. DEFINITION. In this subchapter, "fund" means the state-licensed...

Section 341.602. State-Licensed Residential Mortgage Loan Originator Recovery Fund - Sec. 341.602. STATE-LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATOR RECOVERY FUND. (a)...

Section 341.603. Funding - Sec. 341.603. FUNDING. (a) An applicant for an original residential...

Section 341.604. Statute of Limitations - Sec. 341.604. STATUTE OF LIMITATIONS. (a) An application for the...

Section 341.605. Procedure for Recovery - Sec. 341.605. PROCEDURE FOR RECOVERY. (a) To recover from the...

Section 341.606. Recovery Limits - Sec. 341.606. RECOVERY LIMITS. (a) A person entitled to receive...

Section 341.607. Revocation of License for Payment From Fund - Sec. 341.607. REVOCATION OF LICENSE FOR PAYMENT FROM FUND. (a)...

Section 341.608. Subrogation - Sec. 341.608. SUBROGATION. When the commissioner has paid an applicant...

Section 341.609. Failure to Comply With Subchapter or Rule Adopted by Finance Commission - Sec. 341.609. FAILURE TO COMPLY WITH SUBCHAPTER OR RULE ADOPTED...

Section 341.610. Rulemaking - Sec. 341.610. RULEMAKING. The finance commission may adopt rules on...

Chapter 342 - Consumer Loans

Subchapter A. General Provisions; Applicability of Chapter

Section 342.001. Definitions - Sec. 342.001. DEFINITIONS. In this chapter: (1) "Irregular transaction" means...

Section 342.002. Interest Computation Methods - Sec. 342.002. INTEREST COMPUTATION METHODS. (a) The scheduled installment earnings...

Section 342.003. Purchase From Mortgagee - Sec. 342.003. PURCHASE FROM MORTGAGEE. For the purposes of this...

Section 342.004. Constitutional Interest; Exemption for Loan With Interest Rate of 10 Percent or Less - Sec. 342.004. CONSTITUTIONAL INTEREST; EXEMPTION FOR LOAN WITH INTEREST RATE...

Section 342.005. Applicability of Chapter - Sec. 342.005. APPLICABILITY OF CHAPTER. Except as provided by Sections...

Section 342.006. Exemption for Certain Secondary Mortgage Loans - Sec. 342.006. EXEMPTION FOR CERTAIN SECONDARY MORTGAGE LOANS. This chapter...

Section 342.007. Deferred Presentment Transaction - Sec. 342.007. DEFERRED PRESENTMENT TRANSACTION. The finance commission shall adopt...

Section 342.008. Attempt to Evade Law - Sec. 342.008. ATTEMPT TO EVADE LAW. A person who is...

Section 342.009. Return of Property in Sale-Leaseback Transaction - Sec. 342.009. RETURN OF PROPERTY IN SALE-LEASEBACK TRANSACTION. The seller...

Subchapter B. Authorized Activities; License

Section 342.051. License Required - Sec. 342.051. LICENSE REQUIRED. (a) A person must hold a...

Section 342.0515. Residential Mortgage Loan Originator Activities - Sec. 342.0515. RESIDENTIAL MORTGAGE LOAN ORIGINATOR ACTIVITIES. (a) In this...

Section 342.052. Issuance of More Than One License for a Person - Sec. 342.052. ISSUANCE OF MORE THAN ONE LICENSE FOR A...

Section 342.053. Area of Business; Loans by Mail or Online - Sec. 342.053. AREA OF BUSINESS; LOANS BY MAIL OR ONLINE....

Subchapter C. Application for and Issuance of License

Section 342.101. Application Requirements - Sec. 342.101. APPLICATION REQUIREMENTS. (a) The application for a license...

Section 342.102. Bond - Sec. 342.102. BOND. (a) If the commissioner requires, an applicant...

Section 342.103. Investigation of Application - Sec. 342.103. INVESTIGATION OF APPLICATION. On the filing of an...

Section 342.104. Approval or Denial of Application - Sec. 342.104. APPROVAL OR DENIAL OF APPLICATION. (a) The commissioner...

Section 342.105. Disposition of Fees on Denial of Application - Sec. 342.105. DISPOSITION OF FEES ON DENIAL OF APPLICATION. If...

Section 342.106. License Term - Sec. 342.106. LICENSE TERM. A license issued under this chapter...

Subchapter D. License

Section 342.151. Name and Place on License - Sec. 342.151. NAME AND PLACE ON LICENSE. (a) A license...

Section 342.152. License Display - Sec. 342.152. LICENSE DISPLAY. A license holder shall display a...

Section 342.153. Minimum Assets for License - Sec. 342.153. MINIMUM ASSETS FOR LICENSE. (a) Except as provided...

Section 342.154. License Fee - Sec. 342.154. LICENSE FEE. Not later than 30 days before...

Section 342.155. Expiration of License on Failure to Pay Fee - Sec. 342.155. EXPIRATION OF LICENSE ON FAILURE TO PAY FEE....

Section 342.1555. Grounds for Refusing Renewal - Sec. 342.1555. GROUNDS FOR REFUSING RENEWAL. The commissioner may refuse...

Section 342.156. License Suspension or Revocation - Sec. 342.156. LICENSE SUSPENSION OR REVOCATION. After notice and opportunity...

Section 342.157. Corporate Charter Forfeiture - Sec. 342.157. CORPORATE CHARTER FORFEITURE. (a) A license holder who...

Section 342.158. License Suspension or Revocation Filed With Public Records - Sec. 342.158. LICENSE SUSPENSION OR REVOCATION FILED WITH PUBLIC RECORDS....

Section 342.159. Reinstatement of Suspended License; Issuance of New License After Revocation - Sec. 342.159. REINSTATEMENT OF SUSPENDED LICENSE; ISSUANCE OF NEW LICENSE...

Section 342.160. Surrender of License - Sec. 342.160. SURRENDER OF LICENSE. A license holder may surrender...

Section 342.161. Effect of License Suspension, Revocation, or Surrender - Sec. 342.161. EFFECT OF LICENSE SUSPENSION, REVOCATION, OR SURRENDER. (a)...

Section 342.162. Moving an Office - Sec. 342.162. MOVING AN OFFICE. (a) A license holder shall...

Section 342.163. Transfer or Assignment of License - Sec. 342.163. TRANSFER OR ASSIGNMENT OF LICENSE. A license may...

Subchapter E. Interest Charges on Non-Real Property Loans

Section 342.201. Maximum Interest Charge and Administrative Fee - Sec. 342.201. MAXIMUM INTEREST CHARGE AND ADMINISTRATIVE FEE. (a) A...

Section 342.202. Maximum Charge for Loan With Single Repayment - Sec. 342.202. MAXIMUM CHARGE FOR LOAN WITH SINGLE REPAYMENT. A...

Section 342.203. Additional Interest for Default: Regular Transaction - Sec. 342.203. ADDITIONAL INTEREST FOR DEFAULT: REGULAR TRANSACTION. (a) A...

Section 342.204. Additional Interest for Installment Deferment: Regular Transaction - Sec. 342.204. ADDITIONAL INTEREST FOR INSTALLMENT DEFERMENT: REGULAR TRANSACTION. (a)...

Section 342.205. Collection of Default or Deferment Interest - Sec. 342.205. COLLECTION OF DEFAULT OR DEFERMENT INTEREST. Interest for...

Section 342.206. Additional Interest for Default: Irregular Transaction - Sec. 342.206. ADDITIONAL INTEREST FOR DEFAULT: IRREGULAR TRANSACTION. (a) A...

Subchapter F. Alternate Charges for Certain Loans

Section 342.251. Maximum Cash Advance - Sec. 342.251. MAXIMUM CASH ADVANCE. The maximum cash advance of...

Section 342.252. Alternate Charges - Sec. 342.252. ALTERNATE CHARGES. (a) Instead of the charges authorized...

Section 342.253. Maximum Interest Charge for Loan With Single Repayment - Sec. 342.253. MAXIMUM INTEREST CHARGE FOR LOAN WITH SINGLE REPAYMENT....

Section 342.254. No Other Charges Authorized - Sec. 342.254. NO OTHER CHARGES AUTHORIZED. (a) On a loan...

Section 342.255. Maximum Loan Term - Sec. 342.255. MAXIMUM LOAN TERM. The maximum scheduled term of...

Section 342.256. Refund - Sec. 342.256. REFUND. (a) An acquisition charge authorized under Section...

Section 342.257. Default Charge; Deferment of Payment - Sec. 342.257. DEFAULT CHARGE; DEFERMENT OF PAYMENT. The provisions of...

Section 342.258. Schedules for Weekly, Biweekly, or Semimonthly Installments - Sec. 342.258. SCHEDULES FOR WEEKLY, BIWEEKLY, OR SEMIMONTHLY INSTALLMENTS. The...

Section 342.259. Loans With Larger Advances - Sec. 342.259. LOANS WITH LARGER ADVANCES. (a) Instead of the...

Section 342.260. Alternate Interest Charge Computation Methods - Sec. 342.260. ALTERNATE INTEREST CHARGE COMPUTATION METHODS. (a) A loan...

Subchapter G. Interest and Other Charges on Secondary Mortgage Loans

Section 342.301. Maximum Interest Charge - Sec. 342.301. MAXIMUM INTEREST CHARGE. (a) A secondary mortgage loan...

Section 342.302. Additional Interest for Default: Regular Transaction or Transaction Including Simple Interest - Sec. 342.302. ADDITIONAL INTEREST FOR DEFAULT: REGULAR TRANSACTION OR TRANSACTION...

Section 342.303. Additional Interest for Installment Deferment: Regular Transactions - Sec. 342.303. ADDITIONAL INTEREST FOR INSTALLMENT DEFERMENT: REGULAR TRANSACTIONS. (a)...

Section 342.304. Collection of Default or Deferment Interest - Sec. 342.304. COLLECTION OF DEFAULT OR DEFERMENT INTEREST. Interest for...

Section 342.305. Additional Interest for Default: Irregular Transaction - Sec. 342.305. ADDITIONAL INTEREST FOR DEFAULT: IRREGULAR TRANSACTION. A secondary...

Section 342.306. Date of First Scheduled Installment - Sec. 342.306. DATE OF FIRST SCHEDULED INSTALLMENT. On a secondary...

Section 342.307. Amounts Authorized to Be Included in Contract - Sec. 342.307. AMOUNTS AUTHORIZED TO BE INCLUDED IN CONTRACT. A...

Section 342.308. Amounts Authorized to Be Collected or Added to Loan - Sec. 342.308. AMOUNTS AUTHORIZED TO BE COLLECTED OR ADDED TO...

Subchapter H. Refund of Precomputed Interest

Section 342.351. Refund of Precomputed Interest: Sum of the Periodic Balances - Sec. 342.351. REFUND OF PRECOMPUTED INTEREST: SUM OF THE PERIODIC...

Section 342.352. Refund of Precomputed Interest on Contract: Scheduled Installment Earnings - Sec. 342.352. REFUND OF PRECOMPUTED INTEREST ON CONTRACT: SCHEDULED INSTALLMENT...

Section 342.353. No Refund on Partial Prepayment or of Amount Less Than $1 - Sec. 342.353. NO REFUND ON PARTIAL PREPAYMENT OR OF AMOUNT...

Subchapter I. Insurance

Section 342.401. Required Property Insurance - Sec. 342.401. REQUIRED PROPERTY INSURANCE. (a) On a loan that...

Section 342.402. Credit Life Insurance, Credit Health and Accident Insurance, or Involuntary Unemployment Insurance - Sec. 342.402. CREDIT LIFE INSURANCE, CREDIT HEALTH AND ACCIDENT INSURANCE,...

Section 342.4021. Agreements Regarding Debt Suspension, Debt Cancellation, and Gap Waiver - Sec. 342.4021. AGREEMENTS REGARDING DEBT SUSPENSION, DEBT CANCELLATION, AND GAP...

Section 342.403. Maximum Amount of Insurance Coverage - Sec. 342.403. MAXIMUM AMOUNT OF INSURANCE COVERAGE. (a) At any...

Section 342.404. Insurance Notice - Sec. 342.404. INSURANCE NOTICE. (a) If insurance is required on...

Section 342.405. Insurance May Be Furnished by Borrower - Sec. 342.405. INSURANCE MAY BE FURNISHED BY BORROWER. (a) If...

Section 342.406. Borrower's Failure to Provide Required Insurance - Sec. 342.406. BORROWER'S FAILURE TO PROVIDE REQUIRED INSURANCE. (a) If...

Section 342.407. Requirements for Including Insurance Charge in Contract - Sec. 342.407. REQUIREMENTS FOR INCLUDING INSURANCE CHARGE IN CONTRACT. Insurance...

Section 342.408. Furnishing of Insurance Document to Borrower - Sec. 342.408. FURNISHING OF INSURANCE DOCUMENT TO BORROWER. If a...

Section 342.409. Lender's Duty if Insurance Is Adjusted or Terminated - Sec. 342.409. LENDER'S DUTY IF INSURANCE IS ADJUSTED OR TERMINATED....

Section 342.410. Payment for Insurance From Loan Proceeds - Sec. 342.410. PAYMENT FOR INSURANCE FROM LOAN PROCEEDS. A lender,...

Section 342.411. Insurance or Other Gain Not Interest - Sec. 342.411. INSURANCE OR OTHER GAIN NOT INTEREST. Any gain...

Section 342.412. Action Under Subchapter Not Sale of Insurance - Sec. 342.412. ACTION UNDER SUBCHAPTER NOT SALE OF INSURANCE. Arranging...

Section 342.413. Required Agent or Broker Prohibited - Sec. 342.413. REQUIRED AGENT OR BROKER PROHIBITED. A lender may...

Section 342.414. Declination of Equal Insurance Coverage Prohibited - Sec. 342.414. DECLINATION OF EQUAL INSURANCE COVERAGE PROHIBITED. A lender...

Section 342.415. Effect of Unauthorized Insurance Charge - Sec. 342.415. EFFECT OF UNAUTHORIZED INSURANCE CHARGE. (a) If a...

Section 342.416. Nonfiling Insurance - Sec. 342.416. NONFILING INSURANCE. (a) Instead of charging fees for...

Subchapter J. Authorized Lender's Duties and Authority

Section 342.451. Delivery of Information to Borrower - Sec. 342.451. DELIVERY OF INFORMATION TO BORROWER. (a) When a...

Section 342.452. Receipt for Cash Payment - Sec. 342.452. RECEIPT FOR CASH PAYMENT. A lender shall give...

Section 342.453. Acceptance of Prepayment - Sec. 342.453. ACCEPTANCE OF PREPAYMENT. At any time during regular...

Section 342.454. Return of Instruments to Borrower on Repayment - Sec. 342.454. RETURN OF INSTRUMENTS TO BORROWER ON REPAYMENT. Within...

Section 342.455. Agreement for More Than One Loan or Cash Advance - Sec. 342.455. AGREEMENT FOR MORE THAN ONE LOAN OR CASH...

Section 342.457. Automobile Club Membership Offered in Connection With a Loan - Sec. 342.457. AUTOMOBILE CLUB MEMBERSHIP OFFERED IN CONNECTION WITH A...

Subchapter K. Limitations on Authorized Lender

Section 342.501. Obligation Under More Than One Contract - Sec. 342.501. OBLIGATION UNDER MORE THAN ONE CONTRACT. (a) An...

Section 342.502. Amount Authorized - Sec. 342.502. AMOUNT AUTHORIZED. (a) A lender may not directly...

Section 342.503. Security for Loan - Sec. 342.503. SECURITY FOR LOAN. (a) A lender may not...

Section 342.504. Confession of Judgment; Power of Attorney - Sec. 342.504. CONFESSION OF JUDGMENT; POWER OF ATTORNEY. A lender...

Section 342.505. Disclosure of Amount Financed and Schedule of Payments - Sec. 342.505. DISCLOSURE OF AMOUNT FINANCED AND SCHEDULE OF PAYMENTS....

Section 342.506. Instrument With Blank Prohibited - Sec. 342.506. INSTRUMENT WITH BLANK PROHIBITED. A lender may not...

Section 342.507. Waiver of Borrower's Right Prohibited - Sec. 342.507. WAIVER OF BORROWER'S RIGHT PROHIBITED. A lender may...

Section 342.508. Maximum Loan Term - Sec. 342.508. MAXIMUM LOAN TERM. A lender may not enter...

Subchapter L. Administration of Chapter

Section 342.551. Adoption of Rules - Sec. 342.551. ADOPTION OF RULES. (a) The Finance Commission of...

Section 342.552. Examination of Lenders; Access to Records - Sec. 342.552. EXAMINATION OF LENDERS; ACCESS TO RECORDS. (a) The...

Section 342.553. General Investigation - Sec. 342.553. GENERAL INVESTIGATION. (a) To discover a violation of...

Section 342.554. Certificate; Certified Document - Sec. 342.554. CERTIFICATE; CERTIFIED DOCUMENT. On application by any person...

Section 342.555. Transcript of Hearing: Public - Sec. 342.555. TRANSCRIPT OF HEARING: PUBLIC. The transcript of a...

Section 342.556. Appointment of Agent - Sec. 342.556. APPOINTMENT OF AGENT. (a) An authorized lender shall...

Section 342.557. Payment of Examination Costs and Administration Expenses - Sec. 342.557. PAYMENT OF EXAMINATION COSTS AND ADMINISTRATION EXPENSES. An...

Section 342.558. Authorized Lender's Records - Sec. 342.558. AUTHORIZED LENDER'S RECORDS. (a) An authorized lender shall...

Section 342.559. Annual Report - Sec. 342.559. ANNUAL REPORT. (a) Each year, not later than...

Section 342.560. Conducting Associated Business - Sec. 342.560. CONDUCTING ASSOCIATED BUSINESS. An authorized lender may conduct...

Subchapter M. Deferred Presentment Transactions

Section 342.601. Definitions - Sec. 342.601. DEFINITIONS. In this subchapter: (1) "Lender" means a...

Section 342.602. Disclosures to Military Borrowers - Sec. 342.602. DISCLOSURES TO MILITARY BORROWERS. Before engaging in a...

Section 342.603. Prohibited Practices - Sec. 342.603. PROHIBITED PRACTICES. A lender may not contact the...

Section 342.604. Military Borrower - Sec. 342.604. MILITARY BORROWER. (a) A lender may not engage...

Section 342.605. Repayment Agreement - Sec. 342.605. REPAYMENT AGREEMENT. With respect to a deferred presentment...

Chapter 343 - Home Loans

Subchapter A. General Provisions

Section 343.001. Definitions - Sec. 343.001. DEFINITIONS. In this chapter: (1) "Bridge loan" means...

Section 343.002. Applicability - Sec. 343.002. APPLICABILITY. (a) This chapter applies to a loan...

Section 343.003. Conflict With Other Provisions of Title - Sec. 343.003. CONFLICT WITH OTHER PROVISIONS OF TITLE. If this...

Subchapter B. Provisions Relating to Home Loans in General

Section 343.101. Refinancing - Sec. 343.101. REFINANCING. (a) For purposes of this section, a...

Section 343.103. Disclosure of Mortgage Information to Surviving Spouse - Sec. 343.103. DISCLOSURE OF MORTGAGE INFORMATION TO SURVIVING SPOUSE. (a)...

Section 343.104. Restrictions on Single Premium Credit Insurance - Sec. 343.104. RESTRICTIONS ON SINGLE PREMIUM CREDIT INSURANCE. A lender...

Section 343.105. Notice of Penalties for Making False or Misleading Written Statement - Sec. 343.105. NOTICE OF PENALTIES FOR MAKING FALSE OR MISLEADING...

Section 343.106. Payoff Statements - Sec. 343.106. PAYOFF STATEMENTS. (a) In this section, "mortgagee," "mortgage...

Subchapter C. High-Cost Home Loans

Section 343.201. Definitions - Sec. 343.201. DEFINITIONS. In this subchapter: (1) "High-cost home loan"...

Section 343.202. Balloon Payment - Sec. 343.202. BALLOON PAYMENT. A high-cost home loan may not...

Section 343.203. Negative Amortization - Sec. 343.203. NEGATIVE AMORTIZATION. A high-cost home loan may not...

Section 343.204. Consideration of Obligor's Payment Ability - Sec. 343.204. CONSIDERATION OF OBLIGOR'S PAYMENT ABILITY. (a) In this...

Section 343.205. Prepayment Penalties Prohibited - Sec. 343.205. PREPAYMENT PENALTIES PROHIBITED. A lender may not make...

Section 343.206. Charge Prohibited for Product or Service Not Received - Sec. 343.206. CHARGE PROHIBITED FOR PRODUCT OR SERVICE NOT RECEIVED....

Chapter 345 - Retail Installment Sales

Subchapter A. General Provisions

Section 345.001. Definitions - Sec. 345.001. DEFINITIONS. In this chapter: (1) "Credit card issuer"...

Section 345.002. Goods - Sec. 345.002. GOODS. (a) For the purposes of this chapter,...

Section 345.003. Services - Sec. 345.003. SERVICES. (a) For the purposes of this chapter,...

Section 345.004. Cash Price - Sec. 345.004. CASH PRICE. (a) The cash price in a...

Section 345.005. Itemized Charge - Sec. 345.005. ITEMIZED CHARGE. An amount charged to a retail...

Section 345.006. Time Price Differential Not Interest - Sec. 345.006. TIME PRICE DIFFERENTIAL NOT INTEREST. An amount of...

Section 345.007. Applicability of Chapter - Sec. 345.007. APPLICABILITY OF CHAPTER. (a) This chapter applies only...

Section 345.008. Applicability of Other Statutes to Retail Installment Transaction - Sec. 345.008. APPLICABILITY OF OTHER STATUTES TO RETAIL INSTALLMENT TRANSACTION....

Section 345.009. Disclosure Requirements if Conflict With Federal Law - Sec. 345.009. DISCLOSURE REQUIREMENTS IF CONFLICT WITH FEDERAL LAW. If...

Subchapter B. Retail Installment Contract

Section 345.051. Retail Installment Contract General Requirements - Sec. 345.051. RETAIL INSTALLMENT CONTRACT GENERAL REQUIREMENTS. (a) A retail...

Section 345.052. Contents of Contract - Sec. 345.052. CONTENTS OF CONTRACT. (a) A retail installment contract...

Section 345.053. Disclosure of Promise to Compensate for Referral - Sec. 345.053. DISCLOSURE OF PROMISE TO COMPENSATE FOR REFERRAL. (a)...

Section 345.054. Time Price Differential for Contract - Sec. 345.054. TIME PRICE DIFFERENTIAL FOR CONTRACT. A retail installment...

Section 345.055. Time Price Differential for Contract Payable in Equal Monthly Payments - Sec. 345.055. TIME PRICE DIFFERENTIAL FOR CONTRACT PAYABLE IN EQUAL...

Section 345.056. Use of Optional Ceiling - Sec. 345.056. USE OF OPTIONAL CEILING. As an alternative to...

Section 345.057. Time Price Differential for Other Contracts - Sec. 345.057. TIME PRICE DIFFERENTIAL FOR OTHER CONTRACTS. A retail...

Section 345.058. Minimum Time Price Differential for Contract - Sec. 345.058. MINIMUM TIME PRICE DIFFERENTIAL FOR CONTRACT. Notwithstanding Section...

Section 345.059. Principal Balance Computation - Sec. 345.059. PRINCIPAL BALANCE COMPUTATION. The principal balance of a...

Section 345.060. Charges for Default in Payment of Installment - Sec. 345.060. CHARGES FOR DEFAULT IN PAYMENT OF INSTALLMENT. (a)...

Section 345.061. Charges for Collecting Debt - Sec. 345.061. CHARGES FOR COLLECTING DEBT. A retail installment contract...

Section 345.062. Acceleration of Debt Maturity - Sec. 345.062. ACCELERATION OF DEBT MATURITY. A retail installment contract...

Section 345.063. Requirements for Contract That Is More Than One Document - Sec. 345.063. REQUIREMENTS FOR CONTRACT THAT IS MORE THAN ONE...

Section 345.064. Completion of Contract - Sec. 345.064. COMPLETION OF CONTRACT. (a) A person may not...

Section 345.065. Delivery of Copy of Contract - Sec. 345.065. DELIVERY OF COPY OF CONTRACT. The retail seller...

Section 345.066. Buyer's Right to Rescind Contract - Sec. 345.066. BUYER'S RIGHT TO RESCIND CONTRACT. Until a retail...

Section 345.067. Buyer's Acknowledgment of Delivery of Contract Copy - Sec. 345.067. BUYER'S ACKNOWLEDGMENT OF DELIVERY OF CONTRACT COPY. (a)...

Section 345.068. Bailment or Lease as Retail Installment Transaction - Sec. 345.068. BAILMENT OR LEASE AS RETAIL INSTALLMENT TRANSACTION. A...

Section 345.069. Deferment of Installment - Sec. 345.069. DEFERMENT OF INSTALLMENT. (a) A holder of a...

Section 345.070. Amendment of Contract - Sec. 345.070. AMENDMENT OF CONTRACT. (a) On request of the...

Section 345.071. Confirmation of Amendment - Sec. 345.071. CONFIRMATION OF AMENDMENT. An amendment to a retail...

Section 345.072. Contract After Amendment - Sec. 345.072. CONTRACT AFTER AMENDMENT. After amendment a retail installment...

Section 345.073. Prepayment of Contract - Sec. 345.073. PREPAYMENT OF CONTRACT. A retail buyer may prepay...

Section 345.074. Refund Credit on Prepayment - Sec. 345.074. REFUND CREDIT ON PREPAYMENT. If a retail buyer...

Section 345.075. Amount of Refund Credit for Monthly Installment Contract - Sec. 345.075. AMOUNT OF REFUND CREDIT FOR MONTHLY INSTALLMENT CONTRACT....

Section 345.076. Amount of Refund Credit for Other Contracts - Sec. 345.076. AMOUNT OF REFUND CREDIT FOR OTHER CONTRACTS. The...

Section 345.077. Reinstatement of Contract - Sec. 345.077. REINSTATEMENT OF CONTRACT. After a demand for payment...

Section 345.078. Consolidation of Contracts - Sec. 345.078. CONSOLIDATION OF CONTRACTS. (a) If a retail buyer...

Section 345.079. Allocation of Payments on Consolidation of Contracts - Sec. 345.079. ALLOCATION OF PAYMENTS ON CONSOLIDATION OF CONTRACTS. (a)...

Section 345.080. Obligation Under More Than One Contract - Sec. 345.080. OBLIGATION UNDER MORE THAN ONE CONTRACT. (a) A...

Section 345.081. Certificate of Completion or Satisfaction of Contract - Sec. 345.081. CERTIFICATE OF COMPLETION OR SATISFACTION OF CONTRACT. (a)...

Section 345.082. Statement of Payments and Amount Due Under Contract - Sec. 345.082. STATEMENT OF PAYMENTS AND AMOUNT DUE UNDER CONTRACT....

Section 345.083. Receipt for Cash Payment - Sec. 345.083. RECEIPT FOR CASH PAYMENT. A holder of a...

Section 345.084. Debt Cancellation Agreement - Sec. 345.084. DEBT CANCELLATION AGREEMENT. A debt cancellation agreement under...

Subchapter C. Retail Charge Agreement

Section 345.101. Making Retail Charge Agreement - Sec. 345.101. MAKING RETAIL CHARGE AGREEMENT. On the request of...

Section 345.102. Agreement General Requirements - Sec. 345.102. AGREEMENT GENERAL REQUIREMENTS. (a) A retail charge agreement...

Section 345.103. Time Price Differential for Agreement - Sec. 345.103. TIME PRICE DIFFERENTIAL FOR AGREEMENT. (a) Notwithstanding any...

Section 345.104. Use of Optional Ceiling - Sec. 345.104. USE OF OPTIONAL CEILING. (a) As an alternative...

Section 345.105. Charges for Collection of Payment of Agreement - Sec. 345.105. CHARGES FOR COLLECTION OF PAYMENT OF AGREEMENT. A...

Section 345.106. Processing Fee for Returned Check - Sec. 345.106. PROCESSING FEE FOR RETURNED CHECK. A retail charge...

Section 345.107. Prohibited Fees - Sec. 345.107. PROHIBITED FEES. An annual, membership, or participation fee...

Section 345.108. Prohibition on Signing of Agreement With Blank Spaces - Sec. 345.108. PROHIBITION ON SIGNING OF AGREEMENT WITH BLANK SPACES....

Section 345.109. Delivery of Copy of Agreement - Sec. 345.109. DELIVERY OF COPY OF AGREEMENT. (a) A retail...

Section 345.110. Buyer's Acknowledgment of Delivery of Agreement Copy - Sec. 345.110. BUYER'S ACKNOWLEDGMENT OF DELIVERY OF AGREEMENT COPY. (a)...

Section 345.111. Statement of Cash Price - Sec. 345.111. STATEMENT OF CASH PRICE. The cash price in...

Section 345.112. Agreement Balance Statement - Sec. 345.112. AGREEMENT BALANCE STATEMENT. (a) At the end of...

Section 345.113. Compliance With Federal Law Considered Compliance With Chapter's Disclosure Requirements - Sec. 345.113. COMPLIANCE WITH FEDERAL LAW CONSIDERED COMPLIANCE WITH CHAPTER'S...

Subchapter D. Alternate Finance Charge Ceiling

Section 345.155. Time Price Differential Computation and Amount - Sec. 345.155. TIME PRICE DIFFERENTIAL COMPUTATION AND AMOUNT. (a) A...

Section 345.156. When Charging of Time Price Differential Prohibited - Sec. 345.156. WHEN CHARGING OF TIME PRICE DIFFERENTIAL PROHIBITED. A...

Section 345.157. Delinquency Charge - Sec. 345.157. DELINQUENCY CHARGE. (a) A retail charge agreement may...

Section 345.158. Retail Charge Agreement to Which Subchapter Does Not Apply - Sec. 345.158. RETAIL CHARGE AGREEMENT TO WHICH SUBCHAPTER DOES NOT...

Subchapter E. Insurance

Section 345.201. Property Insurance - Sec. 345.201. PROPERTY INSURANCE. (a) A holder may request or...

Section 345.202. Credit Life, Credit Health and Accident, and Credit Involuntary Unemployment Insurance - Sec. 345.202. CREDIT LIFE, CREDIT HEALTH AND ACCIDENT, AND CREDIT...

Section 345.203. Maximum Amount of Insurance Coverage - Sec. 345.203. MAXIMUM AMOUNT OF INSURANCE COVERAGE. (a) At any...

Section 345.204. Insurance Statement - Sec. 345.204. INSURANCE STATEMENT. (a) If insurance is required in...

Section 345.205. Insurance May Be Furnished by Buyer - Sec. 345.205. INSURANCE MAY BE FURNISHED BY BUYER. (a) If...

Section 345.206. Buyer's Failure to Provide Evidence of Insurance - Sec. 345.206. BUYER'S FAILURE TO PROVIDE EVIDENCE OF INSURANCE. (a)...

Section 345.207. Charges for Other Insurance Included in Retail Installment Contract - Sec. 345.207. CHARGES FOR OTHER INSURANCE INCLUDED IN RETAIL INSTALLMENT...

Section 345.208. Requirements for Including Insurance Charge in Contract or Agreement - Sec. 345.208. REQUIREMENTS FOR INCLUDING INSURANCE CHARGE IN CONTRACT OR...

Section 345.209. Delivery of Insurance Document to Buyer - Sec. 345.209. DELIVERY OF INSURANCE DOCUMENT TO BUYER. A holder...

Section 345.210. Holder's Duty if Insurance Is Adjusted or Terminated - Sec. 345.210. HOLDER'S DUTY IF INSURANCE IS ADJUSTED OR TERMINATED....

Section 345.211. Gain or Advantage From Insurance Not Additional Charge - Sec. 345.211. GAIN OR ADVANTAGE FROM INSURANCE NOT ADDITIONAL CHARGE....

Section 345.212. Nonfiling Insurance - Sec. 345.212. NONFILING INSURANCE. (a) Instead of charging fees for...

Section 345.213. Inclusion of Insurance Premiums - Sec. 345.213. INCLUSION OF INSURANCE PREMIUMS. A retail seller may...

Section 345.214. Adding to Retail Installment Contract Premiums for Insurance Acquired After Transaction - Sec. 345.214. ADDING TO RETAIL INSTALLMENT CONTRACT PREMIUMS FOR INSURANCE...

Section 345.215. Effect of Adding Premium to Contract or Agreement - Sec. 345.215. EFFECT OF ADDING PREMIUM TO CONTRACT OR AGREEMENT....

Subchapter F. Special Fees and Finance Rates

Section 345.251. Documentary Fee for Certain Vehicles - Sec. 345.251. DOCUMENTARY FEE FOR CERTAIN VEHICLES. (a) A retail...

Section 345.252. Time Price Differential for Certain Prepaid Funeral Benefits - Sec. 345.252. TIME PRICE DIFFERENTIAL FOR CERTAIN PREPAID FUNERAL BENEFITS....

Section 345.253. Time Price Differential for Medical and Dental Services - Sec. 345.253. TIME PRICE DIFFERENTIAL FOR MEDICAL AND DENTAL SERVICES....

Subchapter G. Acquisition of Contract, Agreement, or Balance

Section 345.301. Authority to Acquire - Sec. 345.301. AUTHORITY TO ACQUIRE. Notwithstanding any other law, a...

Section 345.302. Lack of Notice Does Not Affect Validity as to Certain Creditors - Sec. 345.302. LACK OF NOTICE DOES NOT AFFECT VALIDITY AS...

Section 345.303. Payment by Buyer - Sec. 345.303. PAYMENT BY BUYER. Unless a retail buyer has...

Section 345.304. Preservation of Buyer's Right of Action or Defense - Sec. 345.304. PRESERVATION OF BUYER'S RIGHT OF ACTION OR DEFENSE....

Subchapter H. Other Provisions Applicable to Contracts and Agreements

Section 345.351. Registration of Holder - Sec. 345.351. REGISTRATION OF HOLDER. (a) A holder who is...

Section 345.352. Seller's Promise to Pay or Tender of Cash to Buyer as Part of Transaction - Sec. 345.352. SELLER'S PROMISE TO PAY OR TENDER OF CASH...

Section 345.353. Making of Contract or Agreement by Mail or Telephone - Sec. 345.353. MAKING OF CONTRACT OR AGREEMENT BY MAIL OR...

Section 345.354. Prohibition on Power of Attorney to Confess Judgment and Assignment of Wages - Sec. 345.354. PROHIBITION ON POWER OF ATTORNEY TO CONFESS JUDGMENT...

Section 345.355. Prohibition on Certain Acts of Repossession - Sec. 345.355. PROHIBITION ON CERTAIN ACTS OF REPOSSESSION. A retail...

Section 345.356. Buyer's Waiver - Sec. 345.356. BUYER'S WAIVER. (a) A retail installment contract or...

Section 345.357. Prohibition on Certain Liens - Sec. 345.357. PROHIBITION ON CERTAIN LIENS. A retail installment contract...

Chapter 346 - Revolving Credit Accounts

Subchapter A. General Provisions

Section 346.001. Definitions - Sec. 346.001. DEFINITIONS. In this chapter: (1) "Billing cycle" means...

Section 346.002. Average Daily Balance - Sec. 346.002. AVERAGE DAILY BALANCE. (a) The average daily balance...

Section 346.003. Revolving Credit Accounts - Sec. 346.003. REVOLVING CREDIT ACCOUNTS. (a) A revolving credit account...

Section 346.004. Application of Chapter to Revolving Credit Accounts - Sec. 346.004. APPLICATION OF CHAPTER TO REVOLVING CREDIT ACCOUNTS. (a)...

Section 346.005. Application of Other Code Provisions - Sec. 346.005. APPLICATION OF OTHER CODE PROVISIONS. (a) A revolving...

Subchapter B. Interest Charge and Fees

Section 346.101. Maximum Interest Rate - Sec. 346.101. MAXIMUM INTEREST RATE. (a) A revolving credit account...

Section 346.102. Permissible Interest Rate for Billing Cycle - Sec. 346.102. PERMISSIBLE INTEREST RATE FOR BILLING CYCLE. (a) A...

Section 346.103. Fees - Sec. 346.103. FEES. (a) The following fees may be charged...

Subchapter C. Creditor's Duties and Authority

Section 346.201. Insurance; Collateral - Sec. 346.201. INSURANCE; COLLATERAL. In connection with a revolving credit...

Section 346.202. Amounts Authorized to Be Recovered From Customer - Sec. 346.202. AMOUNTS AUTHORIZED TO BE RECOVERED FROM CUSTOMER. (a)...

Section 346.203. More Than One Revolving Credit Account Authorized - Sec. 346.203. MORE THAN ONE REVOLVING CREDIT ACCOUNT AUTHORIZED. (a)...

Section 346.204. Amendment of Revolving Credit Account by Creditor - Sec. 346.204. AMENDMENT OF REVOLVING CREDIT ACCOUNT BY CREDITOR. (a)...

Section 346.205. Compliance With Federal Consumer Credit Protection Act - Sec. 346.205. COMPLIANCE WITH FEDERAL CONSUMER CREDIT PROTECTION ACT. This...

Section 346.206. Acceleration or Immediate Payment Demand Prohibited - Sec. 346.206. ACCELERATION OR IMMEDIATE PAYMENT DEMAND PROHIBITED. With respect...

Chapter 347 - Manufactured Home Credit Transactions

Subchapter A. General Provisions

Section 347.001. Legislative Finding - Sec. 347.001. LEGISLATIVE FINDING. The legislature finds that credit transactions,...

Section 347.002. Definitions - Sec. 347.002. DEFINITIONS. (a) In this chapter: (1) "Consumer" means...

Section 347.003. Bailment or Lease as Credit Transaction - Sec. 347.003. BAILMENT OR LEASE AS CREDIT TRANSACTION. (a) A...

Section 347.004. Compliance With Federal Consumer Credit Protection Act - Sec. 347.004. COMPLIANCE WITH FEDERAL CONSUMER CREDIT PROTECTION ACT. (a)...

Section 347.005. Federal Residential Mortgage Loans Programs - Sec. 347.005. FEDERAL RESIDENTIAL MORTGAGE LOANS PROGRAMS. (a) A creditor...

Section 347.006. Waiver Not Valid - Sec. 347.006. WAIVER NOT VALID. No act or agreement of...

Section 347.007. Application of Chapter to Commercial Loans - Sec. 347.007. APPLICATION OF CHAPTER TO COMMERCIAL LOANS. This chapter...

Section 347.008. Applicability - Sec. 347.008. APPLICABILITY. Each credit transaction extended to a person...

Subchapter B. Credit Document

Section 347.051. Appearance of Credit Document; Consumer Notice - Sec. 347.051. APPEARANCE OF CREDIT DOCUMENT; CONSUMER NOTICE. (a) The...

Section 347.052. Disclosure of Amount of Delinquency Charge - Sec. 347.052. DISCLOSURE OF AMOUNT OF DELINQUENCY CHARGE. The creditor...

Section 347.053. Provisions Prohibited in Credit Document - Sec. 347.053. PROVISIONS PROHIBITED IN CREDIT DOCUMENT. A credit document...

Section 347.054. Consumer's Acknowledgment of Delivery of Credit Document - Sec. 347.054. CONSUMER'S ACKNOWLEDGMENT OF DELIVERY OF CREDIT DOCUMENT. (a)...

Section 347.056. Authority of Consumer Credit Commissioner Relating to a Credit Document - Sec. 347.056. AUTHORITY OF CONSUMER CREDIT COMMISSIONER RELATING TO A...

Subchapter C. Finance Charge Rates and Adjustments

Section 347.101. Adjustable Rate - Sec. 347.101. ADJUSTABLE RATE. A credit transaction may provide for...

Section 347.102. Requirements for Rate Adjustments - Sec. 347.102. REQUIREMENTS FOR RATE ADJUSTMENTS. (a) The interest rate...

Section 347.103. Rate Adjustment Index Base - Sec. 347.103. RATE ADJUSTMENT INDEX BASE. The index base for...

Section 347.104. Amount of Rate Adjustment - Sec. 347.104. AMOUNT OF RATE ADJUSTMENT. (a) The amount of...

Section 347.105. Maximum Rate Adjustments - Sec. 347.105. MAXIMUM RATE ADJUSTMENTS. (a) The total of the...

Section 347.106. Mandatory Decrease; Optional Increase - Sec. 347.106. MANDATORY DECREASE; OPTIONAL INCREASE. (a) If a computation...

Section 347.107. Notice of Rate Adjustment - Sec. 347.107. NOTICE OF RATE ADJUSTMENT. (a) After the notice...

Section 347.108. Prohibition on Use of Rate Adjustment and Certain Mortgages - Sec. 347.108. PROHIBITION ON USE OF RATE ADJUSTMENT AND CERTAIN...

Section 347.109. Computation of Finance Charge for Disclosure - Sec. 347.109. COMPUTATION OF FINANCE CHARGE FOR DISCLOSURE. (a) This...

Section 347.110. Use of Optional Ceiling - Sec. 347.110. USE OF OPTIONAL CEILING. (a) This section applies...

Subchapter D. Amendment or Prepayment of Credit Transaction

Section 347.151. Amendment of Credit Transaction - Sec. 347.151. AMENDMENT OF CREDIT TRANSACTION. (a) On a consumer's...

Section 347.152. Alternate Method of Amendment of Credit Transaction - Sec. 347.152. ALTERNATE METHOD OF AMENDMENT OF CREDIT TRANSACTION. (a)...

Section 347.153. Requirements for Amendment - Sec. 347.153. REQUIREMENTS FOR AMENDMENT. (a) Before an amendment of...

Section 347.154. Oral Amendment Not Binding - Sec. 347.154. ORAL AMENDMENT NOT BINDING. An oral amendment to...

Section 347.155. Prepayment - Sec. 347.155. PREPAYMENT. (a) A consumer may prepay in full...

Subchapter E. Insurance

Section 347.201. Property Insurance - Sec. 347.201. PROPERTY INSURANCE. (a) A creditor may require a...

Section 347.202. Statement of Required Insurance - Sec. 347.202. STATEMENT OF REQUIRED INSURANCE. (a) If insurance is...

Section 347.203. Consumer's Failure to Obtain Required Insurance - Sec. 347.203. CONSUMER'S FAILURE TO OBTAIN REQUIRED INSURANCE. (a) If...

Section 347.204. Purchase of Additional Insurance After Date of Credit Document - Sec. 347.204. PURCHASE OF ADDITIONAL INSURANCE AFTER DATE OF CREDIT...

Section 347.205. Statement for Purchase of Optional Insurance - Sec. 347.205. STATEMENT FOR PURCHASE OF OPTIONAL INSURANCE. (a) A...

Section 347.206. Requirements for Insurance Charge in Credit Transaction - Sec. 347.206. REQUIREMENTS FOR INSURANCE CHARGE IN CREDIT TRANSACTION. Insurance...

Section 347.207. Insurance Disclosures in Credit Document - Sec. 347.207. INSURANCE DISCLOSURES IN CREDIT DOCUMENT. A credit document...

Section 347.208. Creditor May Refuse to Accept Policy - Sec. 347.208. CREDITOR MAY REFUSE TO ACCEPT POLICY. (a) If...

Section 347.209. Creditor's Duty if Insurance Is Canceled, Adjusted, or Terminated - Sec. 347.209. CREDITOR'S DUTY IF INSURANCE IS CANCELED, ADJUSTED, OR...

Section 347.210. Single Interest Policy Prohibited - Sec. 347.210. SINGLE INTEREST POLICY PROHIBITED. Insurance that protects only...

Section 347.211. Gain or Advantage From Insurance Not Charge - Sec. 347.211. GAIN OR ADVANTAGE FROM INSURANCE NOT CHARGE. Any...

Subchapter F. Payment of Insurance and Taxes

Section 347.251. Financing Insurance - Sec. 347.251. FINANCING INSURANCE. (a) A creditor may finance as...

Section 347.252. Payment of Insurance Premiums With Installments - Sec. 347.252. PAYMENT OF INSURANCE PREMIUMS WITH INSTALLMENTS. For insurance...

Section 347.253. Adjustment of Amounts Paid to Creditor for Insurance - Sec. 347.253. ADJUSTMENT OF AMOUNTS PAID TO CREDITOR FOR INSURANCE....

Section 347.254. Payment of Taxes Through the Creditor - Sec. 347.254. PAYMENT OF TAXES THROUGH THE CREDITOR. (a) Except...

Section 347.255. Adjustment of Amounts Paid to Creditor for Taxes - Sec. 347.255. ADJUSTMENT OF AMOUNTS PAID TO CREDITOR FOR TAXES....

Section 347.256. Creditor's Action on Consumer's Failure to Pay Taxes - Sec. 347.256. CREDITOR'S ACTION ON CONSUMER'S FAILURE TO PAY TAXES....

Section 347.257. Agreement to Include Taxes in Credit Transaction - Sec. 347.257. AGREEMENT TO INCLUDE TAXES IN CREDIT TRANSACTION. (a)...

Section 347.258. Deposit Amounts Paid for Taxes or Insurance - Sec. 347.258. DEPOSIT AMOUNTS PAID FOR TAXES OR INSURANCE. (a)...

Subchapter G. Miscellaneous Fees and Charges

Section 347.301. Fees for Transactions Without Real Property - Sec. 347.301. FEES FOR TRANSACTIONS WITHOUT REAL PROPERTY. (a) This...

Section 347.302. Charge Prohibited - Sec. 347.302. CHARGE PROHIBITED. A creditor may not charge a...

Section 347.307. Charges on Repossession - Sec. 347.307. CHARGES ON REPOSSESSION. A credit document may provide...

Section 347.308. Fee for Transfer of Obligor on Debt - Sec. 347.308. FEE FOR TRANSFER OF OBLIGOR ON DEBT. A...

Subchapter H. Actions on Default

Section 347.351. Delinquency Charge on Default - Sec. 347.351. DELINQUENCY CHARGE ON DEFAULT. (a) On each installment...

Section 347.352. Acceleration of Debt Maturity - Sec. 347.352. ACCELERATION OF DEBT MATURITY. A creditor may accelerate...

Section 347.353. Computing Amount Owed for Purpose of Acceleration - Sec. 347.353. COMPUTING AMOUNT OWED FOR PURPOSE OF ACCELERATION. In...

Section 347.354. Accrual of Interest on Acceleration - Sec. 347.354. ACCRUAL OF INTEREST ON ACCELERATION. If payment of...

Section 347.355. Repossession on Default - Sec. 347.355. REPOSSESSION ON DEFAULT. (a) If a consumer is...

Section 347.356. Requirements for Action to Repossess, Foreclose, or Accelerate Payment of Entire Debt - Sec. 347.356. REQUIREMENTS FOR ACTION TO REPOSSESS, FORECLOSE, OR ACCELERATE...

Section 347.357. Disposal of Insurance and Tax Escrow Account on Default - Sec. 347.357. DISPOSAL OF INSURANCE AND TAX ESCROW ACCOUNT ON...

Subchapter I. Security Interests in Manufactured Homes

Section 347.401. Priority of Security Interest for Unpaid Rental of Real Property - Sec. 347.401. PRIORITY OF SECURITY INTEREST FOR UNPAID RENTAL OF...

Section 347.402. Possessory Lien - Sec. 347.402. POSSESSORY LIEN. (a) The owner of the real...

Section 347.403. Amounts That May Be Recovered by Real Property Owner - Sec. 347.403. AMOUNTS THAT MAY BE RECOVERED BY REAL PROPERTY...

Section 347.404. Liability of Real Property Owner for Refusal to Allow Creditor to Repossess Manufactured Home - Sec. 347.404. LIABILITY OF REAL PROPERTY OWNER FOR REFUSAL TO...

Subchapter J. Rights and Duties of Creditor and Residential Mortgage Loan Originator

Section 347.451. Registration of Certain Creditors - Sec. 347.451. REGISTRATION OF CERTAIN CREDITORS. (a) A creditor who...

Section 347.4515. Residential Mortgage Loan Originator License Required - Sec. 347.4515. RESIDENTIAL MORTGAGE LOAN ORIGINATOR LICENSE REQUIRED. (a) In...

Section 347.452. Acquisition and Transfer of Credit Transaction or Balance - Sec. 347.452. ACQUISITION AND TRANSFER OF CREDIT TRANSACTION OR BALANCE....

Section 347.453. Effect of Disclosure by One of Several Creditors - Sec. 347.453. EFFECT OF DISCLOSURE BY ONE OF SEVERAL CREDITORS....

Section 347.454. Disclosure if More Than One Consumer - Sec. 347.454. DISCLOSURE IF MORE THAN ONE CONSUMER. In a...

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Texas Statutes Finance Code Title 4 - Regulation of Interest, Loans, and Financed Transactions

Texas Statutes
Finance Code
Title 4 - Regulation of Interest, Loans, and Financed Transactions