Sec. 341.405. PENALTY FOR MAKING ILLEGAL OFFER. (a) A person commits an offense if the person violates Section 341.404. An offense under that section is a Class C misdemeanor.
(b) A person who violates Section 341.404:
(1) may be prosecuted for the offense; or
(2) may be held liable for:
(A) the penalties under Chapter 349; and
(B) civil penalties assessed by the consumer credit commissioner.
(c) A person is not subject to both prosecution and the penalties described by Subsection (b)(2).
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subtitle B - Loans and Financed Transactions
Chapter 341 - General Provisions
Subchapter E. Prohibitions and Violations
Section 341.401. Discrimination Prohibited
Section 341.402. Penalties for Prohibited Discrimination
Section 341.403. False, Misleading, or Deceptive Advertising
Section 341.404. Prohibited Acts Relating to a Loan