Texas Finance Code

§ 341.001 — DEFINITIONS

FI § 341.001Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 341. GENERAL PROVISIONS · Art. A. DEFINITIONS AND TIME COMPUTATION

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In this subtitle:

(1)"Authorized lender" means a person who holds a license issued under Chapter 342, a bank, or a savings association.

(2)"Bank" means a person:

(A)organized as a state bank under Subtitle A, Title 3, or under similar laws of another state if the deposits of a bank from another state are insured by the Federal Deposit Insurance Corporation; or

(B)organized as a national bank under 12 U.S.C. Section 21 et seq., as subsequently amended.

(3)"Cash advance" means the total of the amount of cash or its equivalent that the borrower receives and the amount that is paid at the borrower's direction or request, on the borrower's behalf, or for the borrower's benefit.

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Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 1999, 76th Leg., ch. 344, Sec. 2.033, eff. Sept. 1, 1999; Acts 2001, 77th Leg., ch. 1235, Sec. 9, eff. Sept. 1, 2001.