Texas Finance Code

§ 305.006 — LIMITATION ON FILING SUIT

FI § 305.006Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part A. INTEREST · Ch. 305. PENALTIES AND REMEDIES · Art. A. CIVIL LIABILITY; CRIMINAL PENALTY

Statute text

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(a)An action under this chapter must be brought within four years after the date on which the usurious interest was contracted for, charged, or received. The action must be brought in the county in which:

(1)the transaction was entered into;

(2)the usurious interest was charged or received;

(3)the creditor resides at the time of the cause of action, if the creditor is an individual;

(4)the creditor maintains its principal office, if the creditor is not an individual; or

(5)the obligor resides at the time of the accrual of the cause of action.

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Legislative history

Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 2.07, eff. September 1, 2005.