{"data":{"id":"us-tx/tex.-finance-code-305.002","jurisdiction":"us-tx","citation":"Tex. Finance Code § 305.002","heading":"ADDITIONAL LIABILITY FOR MORE THAN TWICE AUTHORIZED RATE OF INTEREST.","body":"(a) In addition to the amount determined under Section 305.001, a creditor who charges and receives interest that is greater than twice the amount authorized by this subtitle is liable to the obligor for:\n(1) the principal amount on which the interest is charged and received; and\n(2) the interest and all other amounts charged and received.\n(b) This section applies only to a contract or transaction for personal, family, or household use subject to this subtitle.\nAmended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.\nAmended by:\nActs 2005, 79th Leg., Ch. 1018 (H.B. 955), Sec. 2.06, eff. September 1, 2005.","path":["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"],"source_url":"https://statutes.capitol.texas.gov/Docs/FI/htm/FI.305.htm#305.002","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:13Z","sha256":"63604c64bc03e11383c11152fedc0174b5249c5d9d1fdd5247cbdfed34e20e7f","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-finance-code-305.001","next":"us-tx/tex.-finance-code-305.003"},"notice":"GroundRules: Original legal text. Not legal advice."}