Sec. 347.502. LIABILITY FOR CHARGE EXCEEDING AMOUNT AUTHORIZED. (a) Notwithstanding Chapter 349, a creditor who contracts for, charges, or receives a charge relating to a credit transaction, other than interest or time price differential, that is more than that authorized by this chapter is liable to the consumer as provided by Section 349.003.
(b) For purposes of this section, a late fee, default charge, or delinquency charge is included as a charge relating to a credit transaction.
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 347 - Manufactured Home Credit Transactions
Subchapter K. Creditor's Liability; Penalties
Section 347.501. Creditor's Liability Related to Deposit
Section 347.502. Liability for Charge Exceeding Amount Authorized
Section 347.503. Creditor's Liability for Error in Pay-Off Quotation
Section 347.504. Creditor's Liability for Oral or Unsolicited Written Statement of Amount Owed