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Texas Finance Code

§ 308.003 — NO DOUBLE LIABILITY OR ENFORCEMENT FOR SAME ACT OR PRACTICE

FI § 308.003Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part A. INTEREST · Ch. 308. CONSUMER CREDIT PROTECTIONS

Statute text

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A judgment, consent decree, assurance of compliance, or other resolution of a claimed violation asserted by a federal agency under the Consumer Credit Protection Act (15 U.S.C. Section 1601 et seq.) bars a subsequent action or other enforcement under this chapter with respect to the same act or practice.

Legislative history

Added by Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 1.01, eff. September 1, 2005.