Texas Finance Code

§ 349.004 — LIABILITY RELATED TO CRIMINAL OFFENSE

FI § 349.004Title 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS · Part B. LOANS AND FINANCED TRANSACTIONS · Ch. 349. PENALTIES AND LIABILITIES · Art. A. CIVIL PENALTIES

Statute text

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In addition to other applicable penalties, a person who commits an offense under Section 349.502 is liable to the obligor for an amount equal to:

(1)the principal of and all charges contracted for or collected on each loan made without the authority required by Chapter 342 or 346; and

(2)reasonable attorney's fees incurred by the obligor.

Legislative history

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997. Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.56, eff. Sept. 1, 1999.