Tex. Finance Code § 305.008: CRIMINAL PENALTY.
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
(a) A person commits an offense if the person contracts for, charges, or receives interest on a transaction for personal, family, or household use that is greater than twice the amount authorized by this subtitle.
(b) An offense under this section is a misdemeanor punishable by a fine of not more than $1,000.
(c) Each contract or transaction that violates this section is a separate offense.
(d) This section applies only to a contract or transaction subject to this subtitle.
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