Texas Finance Code

§ 342.252 — ALTERNATE CHARGES

FI § 342.252Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 342. CONSUMER LOANS · Art. F. ALTERNATE CHARGES FOR CERTAIN LOANS

Statute text

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(a)Instead of the charges authorized by Section 342.201, a loan contract may provide for:

(1)on a cash advance of less than $30, an acquisition charge that is not more than $1 for each $5 of the cash advance;

(2)on a cash advance equal to or more than $30 but not more than $100:

(A)an acquisition charge that is not more than the amount equal to one-tenth of the amount of the cash advance; and

(B)an installment account handling charge that is not more than:

(i)$3 a month if the cash advance is not more than $35;

…

Legislative history

Acts 2013, 83rd Leg., R.S., Ch. 784 (S.B. 1251), Sec. 4, eff. September 1, 2013.