Texas Finance Code
§ 342.502 — AMOUNT AUTHORIZED
FI § 342.502Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 342. CONSUMER LOANS · Art. K. LIMITATIONS ON AUTHORIZED LENDER
Statute text
View on source(a)A lender may not directly or indirectly charge, contract for, or receive an amount that is not authorized under this chapter in connection with a loan to which this chapter applies, including any fee, compensation, bonus, commission, brokerage, discount, expense, and any other charge of any nature, whether or not listed by this subsection.
(b)On a loan subject to Subchapter E or a secondary mortgage loan subject to Subchapter G a lender may assess and collect from the borrower an amount incurred by the lender for:
(1)court costs;
(2)attorney's fees assessed by a court, in addition to those provided by Section 342.307;
(3)a fee authorized by law for filing, recording, or releasing in a public office a security for a loan;
(4)a reasonable amount spent for repossessing, storing, preparing for sale, or selling any security;
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Legislative history
Acts 2011, 82nd Leg., R.S., Ch. 1182 (H.B. 3453), Sec. 5, eff. September 1, 2011.