Texas Statutes
Subchapter F. Alternate Charges for Certain Loans
Section 342.255. Maximum Loan Term

Sec. 342.255. MAXIMUM LOAN TERM. The maximum scheduled term of a loan made under this subchapter is:
(1) for a loan of $100 or less, the lesser of:
(A) one month for each multiple of $10 of cash advance; or
(B) six months; and
(2) for a loan of more than $100, one month for each multiple of $20 of cash advance.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.
Amended by:
Acts 2013, 83rd Leg., R.S., Ch. 784 (S.B. 1251), Sec. 5, eff. September 1, 2013.

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