Sec. 349.004. LIABILITY RELATED TO CRIMINAL OFFENSE. In addition to other applicable penalties, a person who commits an offense under Section 349.502 is liable to the obligor for an amount equal to:
(1) the principal of and all charges contracted for or collected on each loan made without the authority required by Chapter 342 or 346; and
(2) reasonable attorney's fees incurred by the obligor.
Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.56, eff. Sept. 1, 1999.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Subtitle B - Loans and Financed Transactions
Chapter 349 - Penalties and Liabilities
Section 349.001. Liability for Contracting For, Charging, or Receiving Excessive Amount
Section 349.002. Liability for Charges Exceeding Twice Amount Authorized
Section 349.003. Liability for Failure to Perform or for Performance of Prohibited Act