{"data":{"id":"us-tx/tex.-finance-code-303.502","jurisdiction":"us-tx","citation":"Tex. Finance Code § 303.502","heading":"APPLICABILITY OF CHAPTER 24, INSURANCE CODE.","body":"(a) Except as inconsistent with this chapter:\n(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\n(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.\n(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).\nAmended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.\nAmended by:\nActs 2005, 79th Leg., Ch. 728 (H.B. 2018), Sec. 11.114, eff. September 1, 2005.","path":["FINANCE CODE","TITLE 4. REGULATION OF INTEREST, LOANS, AND FINANCED TRANSACTIONS","SUBTITLE A. INTEREST","CHAPTER 303. OPTIONAL RATE CEILINGS","SUBCHAPTER F. EFFECT ON OTHER STATUTES OF USING OPTIONAL RATE"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.303.htm#303.502","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"4106ab9f7450753e2b02f3b3d51d5a98188a0a764294447c70c0982b501d6b52","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-303.501","next":"us-tx/tex.-finance-code-304.001"},"notice":"GroundRules: Original legal text. Not legal advice."}