Sec. 342.008. ATTEMPT TO EVADE LAW. A person who is a party to a deferred presentment transaction may not evade the application of this subtitle or a rule adopted under this subchapter by use of any device, subterfuge, or pretense. Characterization of a required fee as a purchase of a good or service in connection with a deferred presentment transaction is a device, subterfuge, or pretense for the purposes of this section.
Added by Acts 2001, 77th Leg., ch. 1235, Sec. 13, eff. Sept. 1, 2001.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subtitle B - Loans and Financed Transactions
Subchapter A. General Provisions; Applicability of Chapter
Section 342.002. Interest Computation Methods
Section 342.003. Purchase From Mortgagee
Section 342.005. Applicability of Chapter
Section 342.006. Exemption for Certain Secondary Mortgage Loans
Section 342.007. Deferred Presentment Transaction
Section 342.008. Attempt to Evade Law
Section 342.009. Return of Property in Sale-Leaseback Transaction