Sec. 342.254. NO OTHER CHARGES AUTHORIZED. (a) On a loan made under this subchapter a lender may not contract for, charge, or receive an amount unless this subchapter authorizes the amount to be charged.
(b) An insurance charge is not authorized on a loan made under this subchapter.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subtitle B - Loans and Financed Transactions
Subchapter F. Alternate Charges for Certain Loans
Section 342.251. Maximum Cash Advance
Section 342.252. Alternate Charges
Section 342.253. Maximum Interest Charge for Loan With Single Repayment
Section 342.254. No Other Charges Authorized
Section 342.255. Maximum Loan Term
Section 342.257. Default Charge; Deferment of Payment
Section 342.258. Schedules for Weekly, Biweekly, or Semimonthly Installments
Section 342.259. Loans With Larger Advances
Section 342.260. Alternate Interest Charge Computation Methods