Texas Finance Code

§ 342.254 — NO OTHER CHARGES AUTHORIZED

FI § 342.254Title 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)On a loan made under this subchapter a lender may not contract for, charge, or receive an amount unless this subchapter authorizes the amount to be charged.

(b)An insurance charge is not authorized on a loan made under this subchapter.

Legislative history

Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.19(a), eff. Sept. 1, 1999.