Texas Finance Code

§ 305.101 — ACCIDENTAL AND BONA FIDE ERROR

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

FI § 305.101Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part A. INTEREST · Ch. 305. PENALTIES AND REMEDIES · Art. B. EXCEPTION FROM LIABILITY

Statute text

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A creditor is not subject to penalty under this chapter for any usurious interest that results from an accidental and bona fide error.

Legislative history

Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.