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

Tex. Finance Code § 303.502: APPLICABILITY OF CHAPTER 24, INSURANCE CODE.

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Where this section sits in the code
  1. FINANCE CODE
  2. TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS
  3. SUBTITLE A. INTEREST
  4. CHAPTER 303. OPTIONAL RATE CEILINGS
  5. SUBCHAPTER F. EFFECT ON OTHER STATUTES OF USING OPTIONAL RATE

(a) Except as inconsistent with this chapter:

(1) a person subject to Chapter 651, Insurance Code, who contracts for, charges, or receives an interest rate authorized by this chapter remains subject to that chapter; and

(2) a party to an insurance premium finance agreement, including an agreement for an open-end account, has all the rights provided by Chapter 651, Insurance Code.

(b) The licensing requirements of Chapter 342 do not apply to a transaction described by Subsection (a)(1). The penalty provisions of this title do not apply to a transaction described by Subsection (a)(1).

Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.

Amended by:

Acts 2005, 79th Leg., Ch. 728 (H.B. 2018), Sec. 11.114, eff. September 1, 2005.

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

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