Tex. Finance Code § 305.007: PENALTIES EXCLUSIVE.
Where this section sits in the code
- FINANCE CODE
- TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS
- SUBTITLE A. INTEREST
- CHAPTER 305. PENALTIES AND REMEDIES
- SUBCHAPTER A. CIVIL LIABILITY; CRIMINAL PENALTY
The penalties provided by this chapter are the only penalties for violation of this subtitle for contracting for, charging, or receiving interest in an amount that produces a rate in excess of the maximum rate allowed by law. Common law penalties do not apply.
Added by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.
Collected 2026-08-27T01:47:13Z. Source file · JSON