Sec. 305.101. ACCIDENTAL AND BONA FIDE ERROR. A creditor is not subject to penalty under this chapter for any usurious interest that results from an accidental and bona fide error.
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 305 - Penalties and Remedies
Subchapter B. Exception From Liability
Section 305.101. Accidental and Bona Fide Error
Section 305.102. Legal Interest During Interest-Free Period
Section 305.103. Correction of Violation
Section 305.104. Correction Exception Available to All Similarly Situated
Section 305.105. Amounts Payable Pursuant to a Final Judgment