Sec. 349.501. OFFENSE OF CHARGES EXCEEDING TWICE AMOUNT AUTHORIZED. (a) A person commits an offense if the person contracts for, charges, or receives interest, time price differential, and other charges that in an aggregate amount exceed twice the total amount of interest, time price differential, and other charges authorized by this subtitle.
(b) An offense under this section is a misdemeanor punishable by a fine of not more than $100.
(c) Each contract or transaction that violates Subsection (a) is a separate offense.
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 349 - Penalties and Liabilities
Subchapter F. Criminal Offenses
Section 349.501. Offense of Charges Exceeding Twice Amount Authorized
Section 349.502. Offense of Engaging in Lending Business Without Proper Authority
Section 349.503. Certain Proceedings in Connection With Sale-Leaseback Transaction