Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Finance Code § 124.252: ILLEGALITY OF LOAN NOT A BAR TO ENFORCEMENT OR COLLECTION.

Where this section sits in the code

FINANCE CODE
TITLE 3. FINANCIAL INSTITUTIONS AND BUSINESSES
SUBTITLE D. CREDIT UNIONS
CHAPTER 124. LOANS AND INVESTMENTS
SUBCHAPTER F. ILLEGAL LOANS

The illegality of a loan does not prevent enforcement of the loan agreement against or collection of the loan from a person who is otherwise liable on the loan, including:

(1) the borrower; or

(2) a guarantor or surety.

Acts 1997, 75th Leg., ch. 1008, Sec. 1, eff. Sept. 1, 1997.

Collected 2026-08-27T01:47:13Z. Source file · JSON

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