Texas Finance Code

§ 301.002 — DEFINITIONS

FI § 301.002Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part A. INTEREST · Ch. 301. GENERAL PROVISIONS

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(a)In this subtitle:

(1)"Contract interest" means interest that an obligor has paid or agreed to pay to a creditor under a written contract of the parties. The term does not include judgment interest.

(2)"Credit card transaction" means a transaction for personal, family, or household use in which a credit card, plate, coupon book, or credit card cash advance check may be used or is used to debit an open-end account in connection with:

(A)a purchase or lease of goods or services; or

(B)a loan of money.

(3)"Creditor" means a person who loans money or otherwise extends credit. The term does not include a judgment creditor.

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Legislative history

Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 2.01, eff. September 1, 2005.