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

Tex. Finance Code § 306.007: GUARANTY, ASSUMPTION, PAYMENT, OR OTHER AGREEMENT.

Where this section sits in the code

FINANCE CODE
TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS
SUBTITLE A. INTEREST
CHAPTER 306. COMMERCIAL TRANSACTIONS
SUBCHAPTER A. GENERAL PROVISIONS

With respect to a commercial loan, an obligor may be required to assume, pay, or provide a guaranty of another person's existing or future obligation as a condition of the obligor's own use, forbearance, or detention of money. The amount of the other person's obligation required to be assumed, paid, or guaranteed does not constitute interest with respect to any obligation of the obligor.

Added by Acts 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 2.14, eff. September 1, 2005.

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

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