Sec. 303.403. PENALTY FOR VIOLATION OF CEILING IN CERTAIN CONTRACTS. A written contract, other than a contract to which Section 303.402 applies, that directly or indirectly provides for a rate that exceeds the rate authorized by this chapter and that is not otherwise authorized by law, is subject to the penalty prescribed by Chapter 305.
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