Sec. 305.007. PENALTIES EXCLUSIVE. The penalties provided by this chapter are the only penalties for violation of this subtitle for contracting for, charging, or receiving interest in an amount that produces a rate in excess of the maximum rate allowed by law. Common law penalties do not apply.
Added 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 305 - Penalties and Remedies
Subchapter A. Civil Liability; Criminal Penalty
Section 305.001. Liability for Usurious Interest
Section 305.002. Additional Liability for More Than Twice Authorized Rate of Interest
Section 305.003. Liability for Usurious Legal Interest
Section 305.004. Additional Liability for More Than Twice Authorized Rate of Legal Interest
Section 305.005. Attorney's Fees
Section 305.006. Limitation on Filing Suit