Sec. 303.401. WHEN ACT OR OMISSION NOT VIOLATION. An act or omission does not violate this title if the act or omission conforms to an interpretation of this title that is in effect at the time of the act or omission and that was made by:
(1) the consumer credit commissioner under Section 14.108; or
(2) an appellate court of this state or the United States.
Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Chapter 303 - Optional Rate Ceilings
Section 303.401. When Act or Omission Not Violation
Section 303.402. Penalty for Violation of Chapter for Certain Contracts Subject to Subtitle B
Section 303.403. Penalty for Violation of Ceiling in Certain Contracts
Section 303.404. Enforcement by Consumer Credit Commissioner
Section 303.405. Examination of Records; Inspections; Rules
Section 303.406. Enforcement by Credit Union Commissioner
Section 303.407. Enforcement by Texas Department of Insurance