Sec. 342.256. REFUND. (a) An acquisition charge authorized under Section 342.252(1), (2), or (3) is considered to be earned at the time a loan is made and is not subject to refund.
(b) On the prepayment of a loan with a cash advance of $30 or more, the installment account handling charge authorized under Section 342.252(2) or (3) is subject to refund in accordance with Subchapter H.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999. Amended by Acts 2001, 77th Leg., ch. 189, Sec. 1, eff. Sept. 1, 2001.
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